Biz: General Motors officially crosses the “biggest IPO ever” mark
- $23.1
billion the size of GM’s IPO, officially the biggest global IPO on record - $49.5
billion the amount they owe the government for their bailout source
- » What’s needed next? If the government hopes to break even on its huge investment in GM, the stock needs to hit around $50 a share. It’s currently at $33.80, but if, say, the Chevy Volt is a huge success on the market, it could definitely hit that mark.