General Motors (GM) closed up 2% Wednesday, a day after a series of positive reports from banks involved in the company's initial public offering. GM will have a presence at the North American Auto Show beginning on Jan. 10. Overall implied volatility of 31 is at the low end of its one-month range, according to Track Data, suggesting low price movement.

CBOE Volatility Index-VIX closed down 42 cents to 17.06, below its 100-day moving average 21.12.

Continue reading Options Update: General Motors Volatility Low; Shares Close at Post-IPO Record High

Options Update: General Motors Volatility Low; Shares Close at Post-IPO Record High originally appeared on BloggingStocks on Thu, 30 Dec 2010 09:15:00 EST. Please see our terms for use of feeds.

If you missed General Motors' (GM) initial public offering, don't fret. Feelings of being "on the outside" regarding GM's big, second debutante ball, of sorts, are both normal and rational.

They're especially justified when you consider that it was you -- the U.S. taxpayer -- who helped GM continue to exist. Without the U.S. government's prudent intervention, GM probably would not be open for business today

Even so, let the IPO process play itself outside. Institutional investors came in, got their typical, large initial pieces of the IPO pie from the bookrunner, and will likely flip their shares fairly early for a $1 or $3 premium -- if they haven't already -- and make a quick killing.

Continue reading Is Now a Good Time to Consider General Motors?

Is Now a Good Time to Consider General Motors? originally appeared on BloggingStocks on Fri, 19 Nov 2010 14:30:00 EST. Please see our terms for use of feeds.

The long awaited General Motors initial public offering is coming. According to the Financial Times, GM shares will be priced on Nov. 17 and begin trading the next day.

GM common shares are expected to be priced at between $26 and $29 per share. GM plans to raise between $9.5 billion and $10.6 billion. If demand is strong enough GM will issue more shares.

Continue reading GM IPO Set for November 17

GM IPO Set for November 17 originally appeared on BloggingStocks on Tue, 02 Nov 2010 10:00:00 EST. Please see our terms for use of feeds.

In a Labor Day message to General Motors employees, his first companywide statement since becoming CEO, Dan Akerson pledged to cooperate with the United Auto Workers (UAW). "Coming from a union family, I know on a very personal level the good things that unions can do," said Akerson, GM's fourth chief executive since 2009.

The UAW will negotiate a new contract with GM next year, and it may attempt to restore losses it agreed to ahead of GM's bankruptcy. This is expected to be a challenge for Akerson, who has a reputation for telling subordinates to "stop complaining and start working."

Continue reading GM CEO Pledges to Work with UAW; Concerns About IPO Arise

GM CEO Pledges to Work with UAW; Concerns About IPO Arise originally appeared on BloggingStocks on Sun, 05 Sep 2010 13:40:00 EST. Please see our terms for use of feeds.

A year ago Tuesday, General Motors filed for bankruptcy. Over the next few days, the U.S. Treasury and the automaker will consider a lead bank for a GM initial public offering (IPO). There are a complex set of variables at play when it comes to a GM IPO.

For starters, we have the GM-Treasury marriage. The government bailed out GM and now owns 61% of the company. This means that any IPO must take into account not only any shares sold to the pubic, but also disposition of the government's shares.

Continue reading Treasury Could Pick Lead Bank for GM IPO Next Week

Treasury Could Pick Lead Bank for GM IPO Next Week originally appeared on BloggingStocks on Tue, 01 Jun 2010 11:40:00 EST. Please see our terms for use of feeds.

What will happen to old General Motors shares when the new company goes public? originally appeared on BloggingStocks on Tue, 07 Jul 2009 14:20:00 EST. Please see our terms for use of feeds.