GM Opens Again as Private Company

(NECN/CNN) - General Motors is heading back to Wall Street.

GM shares will begin trading once again Thursday morning on the New York Stock Exchange. The company is planning to raise more than $20 billion dollars in the biggest initial public offering ever.

At the opening bell, GM shares are expected to be traded at 33 dollars.

The U.S. Treasury will still keep a share of the company for now.

The treasury has held a majority stake in GM since July 2009 as part of the bailout to help the company emerge from bankruptcy.

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