How to Buy Shares of General Motors Stock

General Motors is headquartered in Detroit.

General Motors is one the United States' largest automotive producers, headquartered in Detroit, Michigan. In 2009, the company received financial support from the U.S. and Canadian governments in exchange for 73 percent of the company, before it entered Chapter 11 bankruptcy reorganization. In August 2010, General Motors announced it would launch an initial public offering (IPO) of new shares in General Motors.

Using a Broker

General Motors shares can be purchased through institutional stockbrokers, licensed stock traders and share dealing services. General Motors shares will be listed on the New York Stock Exchange and the Toronto Stock Exchanges.

Individual Shares

General Motors shares are not listed on any stock market, as of August 2010. Following its IPO, ordinary stocks will be available on New York and Toronto exchanges. Individual shares can be held in share accounts and bought and sold in accordance with stock exchange rules. After General Motors sets the price, shares will be available to trade openly.

Funds

Mutual funds and exchange-traded funds (ETFs) may include General Motors ordinary shares in their portfolios once they become available. The funds may include General Motors as part of an American or Canadian stock-based fund or as part of an automotive sector-based fund.

References

• General Motors: Investor Information
• Toronto Star: Will investors get burned by the General Motors IPO?

Resources

• General Motors: Investor FAQs