David Menlow of the research firm IPO Financial Network

David Menlow of the research firm IPO Financial Network Most market analysts see General Motor’s initial public offering (IPO) on Thursday as king a great success. Its offering price was at $33 and it closed to $34.19 on the first trading day, a gain of at 3.6 percent. During the initial minutes of its debut on the stock market, it reached a high of $35.99. All in all, 457 million GM shares were actively traded.

It is considered to be a success based on what David Menlow of the research firm IPO Financial Network calls a trifecta. It means to have increase in numbers in three prices for an IPO stock. An initial public offering of stock has three significant numbers: the price select investors bought the stock before IPO, first trade price and the price at which the stock closed.

Menlow said, “It’s a delicate balance…. If you price the stock to exactly the demand, it’s a recipe for failure. The people who got the IPO will be disappointed and look to sell.”