GM is coming out of bankruptcy swinging, Initial Public Offering of stocks to Employees, Retirees, and Dealers.
This coming off a money making summer for GM and also timed well with the roll out of the highly anticipated Chevy Volt Plug in Electric Car.
GM Employees, Dealers, and retirees have until October 22 to decide if they want to gamble on GM's future. GM CEO stated that the IPO price would be in the 20-25 dollar range, but there have been no concrete details set fourth yet.
The Government is expected to release approximately 20 percent of their more than 300 million shares. The Government will release the other portion of their 60 percent ownership over the coming months and years to recoup the investment in saving the auto giant.
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