NEW YORK/DETROIT, Sept 3 (Reuters) - The U.S. government is likely to take a loss on General Motors in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.
Subsequent offerings of the government's holdings may be profitable depending on how investors trade the newly listed stock, the sources said. But the question of whether taxpayers are ultimately made whole on GM's $50 billion bailout could be left open for years, the people said.
- Treasury to sell first shares below break-even-sources
- 61 pct Treasury sale could take several years-sources
- Taxpayer break-even is around $70 bln GM market value