DETROIT — The initial public offering by General Motors would likely leave the U.S. government with a minority stake in the company, Reuters reports. The sale of stock would raise new funds for the automaker.

The U.S. Treasury, which owns 60.8 percent of GM stock as a result of its $50 billion bailout last year, aims to sell about 20 percent of its holdings as part of the stock sale, Reuters reports.

It's expected the sale would give the government a 49 percent stake.