BGN Entrepreneur

Shares in General Motors (GM) have risen 3.6% on the first trading day after the automaker record public stock offering. Shares closed at $ 34.19 in New York from a start of $ 33, although they reached a high of $ 35.60 a day. GM raises $ 20.1bn by his offer, making it the largest share sale in the U.S. to date.

President Barack Obama said the company was on the way the government money for bailouts is spent recovering. The amount raised could rise to a world record $ 23.1bn, if underwriters an option to sell further shares to exercise. Allowed Surprisingly strong investor demand the automaker had hoped to boost the price of the shares offered to $ 33 from $ 26 initially.

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