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Tag Archives: ipo

Obama: GM stock sale a success for his policy

WASHINGTON — President Barack Obama says the early success of General Motors’ initial public stock offering validates his administration’s $50 billion taxpayer-backed rescue of the venerable automaker. The company’s stock began trading on Wall Street Thursday. The sale is a ...

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Heavy demand lets GM raise IPO share price

DETROIT — Fueled by strong investor demand, General Motors is setting a higher share price for Thursday’s initial public stock offering. The increase boosts the automaker’s market value to $50 billion and moves its largest owner, the U.S. government, closer ...

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RDA Micro IPO raises $67.5 million

NEW YORK — Shanghai-based RDA Microelectronics says its initial public offering of 7.5 million shares raised $67.5 million. RDA Microelectronics Inc. said Wednesday that its American Depositary shares priced at $9. This is slightly below the midpoint of their planned ...

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