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(Image from article: "Taxpayers likely to face initial loss on GM IPO: sources")

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G.M. Said to Plan Cut in U.S. Stake by a Third

G.M. Said to Plan Cut in U.S. Stake by a Third

General Motors will shrink the government’s ownership stake to less than 50 percent in a $10.6 billion initial public offering, people briefed on the matter said.

 

Taxpayers likely to face initial loss on GM IPO: sources

Taxpayers likely to face initial loss on GM IPO: sources

The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.

 

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