Barron’s (August 21)
2010/ 08/ 26 by jd in Global News
General Motors (GM) is preparing for an initial public offering (IPO). This is not just any IPO. President Obama has pledged that taxpayers will get their entire $50 billion investment back. Barron’s is not optimistic. “We figure that the company’s market value could be around $66 billion, or $118 a share.” That would value GM higher than Ford or Daimler, but “it would take a price of around $135 a common share” for taxpayers to get their full $50 billion back.
