Update 2: It’s official! Just over $35!
Update: Now they’re saying $35ish.
Original post: Dear anyone lucky enough to get in on the pre-IPO GM lottery.
The likely opening price of the shares is $36-$37, which is a 3 or 4 dollar pop from the IPO price of $33 that you get in on.
You can flip right now, and book a profit of up to $12. Or you can hold, and hope that the creaking market doesn’t tumble, and take GM right down with it.