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GM Is Ready To Party

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No victory is too small to celebrate.

General Motors Co. plans to make its long-awaited initial public offering on Thursday, in a return to the public markets that could raise more money than the company had predicted...The company's top executives head to Europe this week for meetings with investors in London, Milan and Frankfurt. The offering is expected to price on Wednesday. GM plans to mark the event with a "low-key" employee celebration in Detroit and an appearance by Chief Executive Daniel Akerson to ring the opening bell at the New York Stock Exchange, according to people familiar with the matter. The company wants to highlight its return to the stock exchange after a 16-month absence—a milestone for the biggest U.S. auto maker—while remaining mindful of the unpopular government bailout, the people said.

GM To Make Its Return To The Big Board [WSJ]


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