GM speeds off the grid in its return to NYSE
General Motors executives rang the bell of the New York Stock Exchange and revved the engine of a Chevrolet Camaro to signal the flotation of the company’s shares yesterday, and the stock duly responded with the equivalent of going from 0 to 60 in the early seconds of trading. The strong demand in the after-market capped a successful initial public offering of the giant car maker, which has returned $23.1bn in proceeds for US and Canadian taxpayers and unions representing retired and…
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GM speeds off the grid in its return to NYSE
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on November 19, 2010. Filed under
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