GM went public 10 years ago, and it’s been a mediocre investment — here’s how it can improve for the next 10
PUBLISHED WED, NOV 18 20201:50 PM ESTUPDATED 2 HOURS AGO
Michael Wayland
@MIKEWAYLAND
It’s been 10 years since GM achieved what was then the largest initial public offering in U.S. history and once again began trading on the New York Stock Exchange.
While its balance sheet is sound, the stock’s performance has been a mediocre rollercoaster ride for investors.
GM shares are up 14.7% so far this year, fueling a 33% increase in the price since the company’s IPO at $33.