GM boosts stock price By Zoe Clark • Nov 16, 2010 ShareTweetEmail General Motors says it’s raising the price range for its initial public stock offering. The stock will sell for $32 to $33 per share. That price range is about 14% higher than was previously expected. GM didn’t give a reason for the increase but people who have been briefed on the sale say it’s because of high demand from investors. The IPO is expected on Thursday. The Detroit Free Press reports, "the U.S. Treasury is selling 365 million shares, which will reduce its stake in GM from 60.8% to about 40%." Tags: ipostock marketGeneral MotorsShareTweetEmail Related Content Background on the GM IPO story By Mark Brush • Nov 15, 2010 Historic American Buildings Survey General Motors (GM) will be in the news a lot this week, so if you sat out the GM story up until this point, here's a quick summary to get you caught up. Today's General Motors is not your father's General Motors. The old GM went bankrupt. The company couldn't pay its bills (they had some big ones). But instead of letting the whole company collapse, a court stepped in to reorganize the auto giant (under chapter 11 bankruptcy). The court split the old GM in two. GM posts 3rd quarter profit By Zoe Clark • Nov 10, 2010 (c) GM Logo/Photo Courtesy of General Motors General Motors announced this morning that it made $2 billion in the third quarter. The Associated Press reports: The profit was fueled by GM's international operations and strong revenue from newly introduced car and crossover models in North America. The automaker's actual revenue rose 36% to a little more than $34 billion. This was the third-straight quarter in which GM was profitable.