G. M. 's chief financial officer, Christopher Liddell, said that the company was hitting its internal targets as it prepared for an initial offering of stock.
It closed Monday at $30.40 — 138 percent above its initial offering price of $12.80, but down 39 percent from its $50 high.
In this sense, the use of web services is fixed, requiring an initial offering of the interface of the web service, followed by either development time or runtime discovery of the web service.
Another encouraging sign: This year's few big IPOs have seen their stocks hold well above their initial offering price.
Often, after an initial frenzy on an IPO, the stocks later fall below their initial offering price.