Pricing $ 33 per share, the impact of GM's largest IPO

General Motors (the GM) the afternoon of November 17 announced the pricing of its initial public offering, priced $ 33 per share is expected to raise about 20.1 billion.

As one of the hallmarks of the U.S. auto industry, General Motors, the IPO will issue 15.7 billion U.S. dollars worth of 4.78 billion ordinary shares and preference shares worth 4.35 billion U.S. dollars.

In addition, if the underwriters fully exercised their over-allotment option hands, fund-raising will increase by 30 billion U.S. dollars, fund-raising will total 23.1 billion, while the previous Agricultural Bank of China IPO fund-raising 221 billion, the largest IPO in the history of .

By the strong market demand driven, the price of 29 dollars higher than previously expected.

U.S. Treasury Department has served as the team of consultants car Boston Consulting Group senior partner Xavier Mosquet new to the financial reporters that GM went from bankruptcy to re-listing of its current estimate of performance and the team had basically the same, but the recovery in market share extent, better than expected.

"'s New business model is based on the design, manufacture and marketing of the core, we are ready to face competition, and the company's future with confidence," the vice president and chief financial officer Chris Liddell said.

According to Reuters, SAIC has not yet been confirmed whether the common shares, such as 1% of market rumors.

Detroit auto industry but a number of researchers have told reporters that the new fiscal, SAIC GM shares symbolic than practical significance, or not holding a decisive impact on the bilateral relations.

The financial crisis in 2008 GM in trouble, the following year in June filed for bankruptcy protection, while the U.S. government through the "troubled asset relief program" (TARP) to its injection of $ 49,500,000,000, of which the Bush administration injected 13.4 billion U.S. dollars, Obama Taiwan immediately after the injection of 36.1 billion.

The general public is one of the main purpose of raising funds to repay the U.S. government capital injection, the current government has 60.8% stake in GM. Currently, GM has to repay 9.5 billion, the government will gradually sell shares through the market to recover funds.

Stock will be 18 in U.S. time New York Stock Exchange and Toronto Stock Exchange. In addition, a total of 35 underwriters in the IPO, including those from China, China International Capital Corporation Limited and ICBC International