General Motors (GM +3.6%) sold more shares than expected at a higher price than originally...

|About: General Motors Company (GM)|By:, SA News Editor

General Motors (GM +3.6%) sold more shares than expected at a higher price than originally planned in its return to the market. But IPOs are often lousy long-term investments: For the 50 biggest blockbuster IPOs since 2005, the average first-day return was 56%, but if you bought those stocks a week later and held them for a year, you would have lost an average 5.6%.