That Was Fast: Here Comes The GM IPO

GM money burning

Both President Obama and GM CEO Fritz Henderson envision an ultra-fast return to the public market, with an IPO as soon as Q$ 2010 its IPO in Q4 of 2010L

Reuters: The Obama administration wants a fast-track initial public offering of General Motors Co GM.UL shares to reduce its majority stake in the automaker, a senior official said.

“I would anticipate that if the fresh start (accounting) is complete, if you put numbers on the board, if things are going well and the capital markets are open, that in some point in the fourth quarter the markets will be open enough to do a successful IPO,” said Ron Bloom, the head of the U.S. government’s autos task force.

If the market stays like it is now, frothy and eager to snap up everything, we don’t think they’ll have any problem floating it.

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