GM’ Recall Impact for its IPO
General Motors will be filing its IPO paperwork shortly. It could come literally any hour now. Today’s news of a recall may only be an asterisk in the grand scheme of things. This is a large recall in size because…
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The exact damage appears to come from second row seat belts after the seats were lowered and then returned to the original upright position. This is of course an unpopular event but this is not an end of the world recall.
Tuesday’s strong stock market is likely to negate any major impact this recall might have. But this brings another question. We want to know what you think in an anonymous survey that will take you twenty seconds. If you could get GM shares at the IPO price, would you really want to buy the shares?
[polldaddy poll=3611721]
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
