General Motors (GM) have advanced as far as 9.1% during its first day of trading since filing for bankruptcy last year after about 100 years of trading on the New York Stock Exchange, notes Bloomberg.
The U.S. Treasury and other GM owners sold $15.8 billion in common shares at an IPO price of $33 each, which was the second-largest U.S. IPO on record, the report said.
GM shares are up 8.58%, or $2.84, to $35.84.
Price: 35.84, Change: +2.84, Percent Change: +8.58
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