Great news: Feds likely to lose money on GM IPO

First, GM will not even begin its “road show,” the time when it starts trying to convince major institutions about the IPO, until after the November elections. How convenient.

Second, although the issue will not be priced until right before the offering is effective, current indications are that the price will be below the per share investment of the government, meaning that if the government sells shares to the public as part of the offering the government will realize a loss on those shares.