After months of anticipation General Motors has priced its stock at $33 a share in its initial public offering slated to begin official trading Thursday in New York. The figure is at the high end of the offer, which in recent days saw its range rise from the initial range of $26 to $29 a share. The Detroit automaker is looking to raise nearly $23 billion through the sale of a combination of both common and preferred shares.
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General Motors Shares Priced at $33 for IPO originally appeared on DailyFinance on Wed, 17 Nov 2010 17:00:00.
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