Faculty News | Detroit News | 19
GM has smooth ride in return to Wall Street
Re: Matthew Rhodes-Kropf
Finance experts said the stock's modest gain shows that GM's underwriters, the top names on Wall Street, accurately gauged investor demand. "It seems Morgan Stanley guessed right on the price," said Matthew Rhodes-Kropf, associate professor at Harvard Business School. "You expect a small gain. If you get too big a gain, you worry they left money on the table."