Alexa
  • Directory of Taiwan

Is GM really worth as much as Ford right now?

Is GM really worth as much as Ford right now?

If investors pay what General Motors hopes to get for its stock in a planned IPO, they'll have to buy the logic that the company's stock market value should be similar to its closest competitor, Ford. But Ford is making far more money these days and its U.S market share is rising while GM's is falling and its new management team has little auto industry experience.
Ford's market value _ calculated by multiplying its current share price by the total number of shares outstanding _ is almost $50 billion. GM's total would be close to that if it is successful in selling a portion of its shares in an initial public offering later this month somewhere between $26 and $29 a share. That price range was confirmed Monday by three people briefed on the sale who asked not to be named because a formal announcement has not yet been made.


Updated : 2021-07-25 18:24 GMT+08:00