GM Stock Shares Bolt Out of Gate

After bankruptcy, a high-profile delisting, and a controversial government bailout, the new General Motors Co. priced its initial public offering of 478 million shares at $33 each Wednesday amid high demand. The price tag IPO makes it one of the largest in U.S. history, raising as much as $23 billion with preferred shares included. The shares will begin trading Thursday. The new GM has far fewer workers and car models, and despite the high interest in the share offer there's still much to be done to call this a turnaround story.

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