New York -- U.S. stock markets jumped out of the gate Thursday as the New York Stock Exchange welcomed General Motors back into the fold as a public company.
Listed as "GM," the automaker returned to public trading after undergoing bankruptcy in the summer of 2009 and paring down its assets.
Its initial public offering was on track to fall short of a record, but came close by raising more than $18 billion, The Wall Street Journal reported. In New York, GM was celebrated in lights, with cars parked in front of the New York Stock Exchange and in company T-shirts worn over button-down shirts and ties.
Most importantly, share prices rose. GM quickly added $1.81 or 5.48 percent to $34.82 from its initial share price.