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Cars and Drivers

GM CFO Outlines IPO Timeline… Or Re-IPO (GMGMQ, GM)

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By Douglas A. McIntyre Updated Published
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Burning Money PicEveryone wants to know when an initial public offering of General Motors (GMGMQ) will occur.  Its emergence from bankruptcy has only expedited the curiosity of when the company will be public again.  GM’s new CFO Ray Young just gave a rather lengthy CNBC interview and this was among the issues discussed.

Young said that the new company has to close out the fiscal year, and then “technically” the soonest an IPO could occur is in the second quarter of 2010.  He also noted that the automaker would have to assess the situation and it depends on items.

While he noted thatGM wants to do this in the soonest and most orderly fashion possible, it seems as though the long and short of the matter is that we could see an IPO in that Q2-2010 period.  Just remember that “could” is no formal promise and is definitely not a binding commitment.

Think of the good news… There will be another auto stock that traders can short sell.

Jon C. Ogg
July 10, 2009

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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