{"id":1116,"date":"2010-11-04T11:31:30","date_gmt":"2010-11-04T15:31:30","guid":{"rendered":"http:\/\/www.salaryfor.com\/blog\/?p=1116"},"modified":"2010-11-04T11:31:30","modified_gmt":"2010-11-04T15:31:30","slug":"gm-times-ipo-with-2-billion-3rd-quarter-profit","status":"publish","type":"post","link":"https:\/\/salaryfor.com\/blog\/gm-times-ipo-with-2-billion-3rd-quarter-profit\/","title":{"rendered":"GM Times IPO with $2 Billion 3rd Quarter Profit"},"content":{"rendered":"<p style=\"text-align: left;\"><img decoding=\"async\" src=\"http:\/\/t1.gstatic.com\/images?q=tbn:ANd9GcQjOpyrJrdFvTEadtuqlVqLuqB7_5sAsShIoi2_A5HkpVMeqLA&amp;t=1&amp;usg=__MjDqccxH5qFnvjETtNEikiHY09k=\" alt=\"\" \/><\/p>\n<p style=\"text-align: left;\">This week, General Motors has revealed more information regarding the upcoming IPO rumored to take place later this month. \u00a0The announcement coincides with third quarter net income expectations of roughly $2 billion dollars, which is their largest quarterly amount since 1983. The GM IPO could mark one of the biggest in history and is expected to generate up to $13 billion dollars. The federal government hopes to reduce their stake in the company from 61% to around 35% and will release the shares gradually to maintain their value.<\/p>\n<p style=\"text-align: left;\">The estimated share price will initially be $26 and could possible reach upwards of $45 during market trading which would turn the taxpayer&#8217;s stake in the company profitable.<\/p>\n<p style=\"text-align: left;\"><strong><a href=\"http:\/\/www.salaryfor.com\/\" target=\"_self\"><span style=\"color: #3399cc;\">click here for more salary information<\/span><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, General Motors has revealed more information regarding the upcoming IPO rumored to take place later this month. \u00a0The announcement coincides with third quarter net income expectations of roughly $2 billion dollars, which is their largest quarterly amount since 1983. The GM IPO could mark one of the biggest in history and is expected [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[2718,2107,143,146,2721,2722,2717,39,2723,2720,2725],"class_list":["post-1116","post","type-post","status-publish","format-standard","hentry","category-business-stories","tag-billion-dollars","tag-federal-government","tag-general-motors","tag-gm","tag-income-expectations","tag-net-income","tag-quarter-profit","tag-salary-information","tag-share-price","tag-stake","tag-upcoming-ipo"],"_links":{"self":[{"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/posts\/1116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/comments?post=1116"}],"version-history":[{"count":5,"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/posts\/1116\/revisions"}],"predecessor-version":[{"id":1121,"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/posts\/1116\/revisions\/1121"}],"wp:attachment":[{"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/media?parent=1116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/categories?post=1116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/tags?post=1116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}