Remember That GM IPO?

From the Washington Post of November 27, 2010:

GM reclaimed its old stock ticker with fanfare last Thursday after weeks of anticipation on Wall Street. The company could barely keep up with demand for the newly issued stock as investors clamored for a piece of the American icon. In response, during the week of the IPO, GM said it was expanding its offering by 31 percent.

Unlike LinkedIn’s puny IPO, GM’s ($GM) was the biggest in history.

As a general rule, IPOs are a bad deal for investors.

Posted by on June 8th, 2011 at 11:18 am


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