Taxpayers may take hit on GM IPO

Taxpayers are likely to lose out on the initial public offering of General Motors Co. stock, according to a report published Saturday.

Citing sources familiar with the preparation of the IPO, Reuters said that in part the loss might stem from the fact that initial stock offerings are typically priced at a discount to reward early buyers.

The report added that the U.S. government may make its money back in future — over a period of perhaps three years — depending on the stock’s market performance.

Full Story: Government may take hit on GM IPO – MarketWatch