Global IPO investment firm Renaissance Capital has named General Motors (NYSE: GM) as 2010 IPO of the Year. This auto industry bellwether stood out by demonstrating a uniquely American brand of resilience in its rapid turnaround from bankruptcy and successful return to the public markets. A rationalized cost structure, cleaned-up balance sheet and decreased government ownership have the company poised to retake its leading position among global automotive companies.

GM was taken public on November 17 by a syndicate of 35 investment banks, led by Morgan Stanley, J.P. Morgan, BofA Merrill Lynch and Citi. Selling shareholders, including the US Treasury, raised $15.8 billion in the all-secondary common stock offering and underwriters exercised the $2.6 billion overallotment. GM also raised $4.8 billion in a concurrent offering of 4.75% convertible preferred stock. Common shares rose a modest 4% on their first day of trading, but have gained momentum in recent sessions and currently stand more than 17% above the offer price. more

Companies receiving Honorable Mention for Renaissance Capital’s 2010 IPO of the Year include: technology-based retirement planning and asset allocation advisor Financial Engines (FNGN), home carbonation machine manufacturer SodaStream International (SODA) and China-based content delivery network ChinaCache International Holdings (CCIH).