Leaving, years of failure and turmoil behind, the General Motors Corp. on Thursday has re entered the stock markets of America? It has posted that it had a good gain from its shares that were floated in the massive public offering. The President himself flaunted the incident as a proof of the success of the automaker after its bail out.

The IPO of general Motors was as hot as one tech start-up not only due to its massive size or the iconic status of the company but also for the reason that from the share price it can be figured out that how much money of the taxpayers can be recovered who had paid in the tune of fifty billion dollars during the bail out.

The shares started trading once more under its label of: GM" that closed at thirty four decimal one nine dollar which is an increase of three decimal six percent from the offering price of thirty three dollars per share. Through the IPO the firm has raised in the tune of twenty decimal one billion dollar making it the biggest IPO launch of the American history.

General Motors has opened the trading on Wall Street ,New York Stock Exchange and from the offering the broader US market got lifted with the stock index of Standard & Poor 500 going up by one decimal five percent to reach one thousand one hundred and sixty nine decimal six nine.

The IPO of GM has brought a welcome change for Obama whose political standing was weighed down by stream of bad economic news flowing in. after the markets got closed Obama declared that his government's decision of bailing out GM has been justified by the return from the IPO.