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After nearly two weeks of investors to the United States tour and Europe, GM said on Tuesday that 365 m shares will be sold between $32 and $33 up to an initial range of 26 to 29 $. Final price will be set on Wednesday and shares begin trading at the New York Stock Exchange tomorrow.

A $33 price would value of Detroit just shy of 50 billion $ (￡ 31. 5bn) and represent a remarkable turnaround for automobile manufacturer has forced protection bankruptcy in June last year.

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The manufacturer of car, which is currently owned by the u.s. Treasury Department 61pc will be back at the New York Stock Exchange little more than 17 months after it filed for bankruptcy protection.

It plans to issue common shares of 365 m with a range of price of 26 29 $ alongside approximately 3 billion of preferred shares that will later become common shares.

Details of the initial public offering (IPO) were announced on Wednesday, as a society, most large car manufacturer America again, said that he sold in October, vehicles 183,759 United States until 3 5pc over one year earlier.

Intellectual property offices allows the United States begin to sell the stake was acquired by year rescue dernier.GM received a bailout $49. 5bn of the consolidated revenue fund in 2009 and intellectual property offices should reduce the Government set a little more 43pc.

Offer, one of the largest US men from $19. 7bn visa offering in 2008 is scheduled for November 18.

Underwriters GM could sell additional m 54.75 shares and 9 m preferred shares if the IPO draws robust demand raise approximately $transmitters over and potentially taking total amount as much as $. 65bn 15, the company said in the amended prospectus.

President and CEO of GM Dan Akerson said in September it could take a "couple of years" bail-out Government reimbursement United States allowed to emerge from bankruptcy auto giant.

Intellectual property offices would be GM value a little more than $41bn in the middle of the range of prices, making it almost certain that U.S. taxpayers would face a loss on still controversial automaker bailout.

GM needs to a market value of approximately $70bn if American taxpayers are profit on ordinary shares held by the Treasury Board.

Once a blue chip stock Chevrolet, Cadillac and Vauxhall brands owner should return to the New York Stock Exchange under the symbol "GM" he had traded as prior to his 2009 bankruptcy protection filing.

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