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U.S. Treasury Says its Proceeds From GM IPO Reach $13.5 Billion

U.S. Treasury Secretary Timothy Geithner
Timothy Geithner, U.S. treasury secretary. Photographer: Prashanth Vishwanathan/Bloomberg

The U.S. Treasury Department today said its total proceeds from an initial public offering of General Motors stock have reached $13.5 billion, after underwriters exercised an over-allotment option last week that added $1.8 billion to the government’s coffers.

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