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General Motors Returns To Being A Public Company

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(credit: Joe Raedle/Getty Images)

(credit: Joe Raedle/Getty Images)

General Motors is returning to life as a public company Thursday with a stock offering worth potentially $23 billion.  This ends the U.S. government’s role as majority shareholder and closes a remarkable chapter in American corporate history.  The IPO could wind up as the largest in history.  GM set a price of $33 per common share on Wednesday.

Thursday morning, CBS News Business and Economics Correspondent Rebecca Jarvis joined John Hines on WCCO Radio to talk about the sale.

You can get business news updates every morning at :15 and :45 on the Morning News with Dave Lee, weekdays from 5:00-9:00!

 

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