GM’s initial public offering (IPO) financing by 50% higher than expected in the issuance of common stock to raise funds of 158 billion dollars. Obama said this marks the GM during the economic downturn hit hard after a big step to success. Successful restructuring in the general listing of Detroit Corporation, General Motors in turn turned to the European market, GM Europe said it would accelerate the pace of business restructuring.

Reload listed former Giant

General Motors on November 18 re-listed, 19 closed at $ 34.26, below its IPO price of 33 dollars higher than 3.82%, easing the people born in this house after the car company IPO overpriced concerns. GM had issued its common stock to increase capacity from 365 million shares to 4.78 billion shares, and price range from the 26-29 U.S. dollars raised to 32-33 U.S. dollars.

Obama said, “General Motors two years ago to return to the stock market appears to be no possibility, there were many skeptics and opponents do not support the rescue of these companies, they are prepared to concede defeat and for the U.S. auto industry pray for death. “to the company in 2009 provided the U.S. government relief funds totaled 500 billion U.S. dollars, the U.S. taxpayers will get GM’s investment return with interest.

But there are fears that GM is too ambitious in the IPO pricing, stock prices rise too much the first day of trading in the future there may lead to decreased or atrophy. Global Man Financial, said Colvin, vice president, GM IPO is a glory of the U.S. government, the U.S. Treasury bailed out the company last year, but now we are still in a very practical stage: The auto manufacturers to sell more more profitable in the short term car and it?

Mutual funds “buy” universal

Recently, some financial companies complain that individual investors were largely outside the block in the deal. In response to this argument, Chief Financial Officer Riddle, 19, General Motors, said the IPO than usually transaction, General Motors plans to retail outlets for a higher proportion of part, but the strong demand for the parties to make this part of the sale ratio has been limited, IPO of 90% of retail investors in North America, almost all large U.S. mutual fund shares are subscribed to the IPO, so that they became the largest carmaker new shareholders. Compared with the beginning of 2009, GM executives almost completely shake. Riddle said, some 40 billion dollars in stock sold to individual investors.

General Motors CEO of Arco Wilson said, “the re-listing, for a new, better and different from the past General Motors, will be an important milestone on the road ahead.” Divestiture of the eight brands of four, through negotiations, re-established the union contracts, and get rid of the majority of debt.

Analysts pointed out that the IPO to U.S. government aid from 50 billion U.S. dollars in loans to recover 13.6 billion, GM said earlier repayment of government loans to 7.1 billion and 2.1 billion next month redemption of preferred stock. To aid the U.S. government in the general case, the real break even, will need to $ 56.98 trading range that is far higher than the current price of the sale of surplus shares, consider giving up if the interest is required to achieve break-even price of $ 58.51.

European operations are expected to profit in 2011

Head of GM Europe on November 18 Luorui Li said that with the success of Detroit, General Motors Corporation’s restructuring and listing, the European companies as General Motors Corp is currently the only loss-making companies, the European company’s restructuring is being accelerated and is expected to European operations The restructuring process than the United States lags behind the pace of restructuring headquarters about a year.

GM Europe has two brands, one of Germany’s Opel, and the other is the British Vauxhall. Luorui Li said that as the auto market prices have risen recently to help offset the operating loss this year. European companies struggling to regain market share in the process, Opel, Vauxhall Astra on small cars (Astra) has been improved, and the timely introduction of the new Insignia sedan. Luo Ruili said it expects operating profit in Europe in 2010 will be 1.9 billion loss, but better than the beginning of the 30 billion budget deficit expected. He said that excluding restructuring charges, GM’s European operations are expected to be profitable again in 2011.

Author Bio: I am a professional editor from Chia Lighting Suppliers, and my work is to promote a free online trade platform. http://www.chinaqualitylighting.com/ contain a great deal of information about corner gas fireplace,used gmc yukon,garden rattan furniture, welcome to visit!

Category: Business
Keywords: corner gas fireplace,used gmc yukon,garden rattan furniture,