Today, to mark its trading on Wall Street Chief Executive Dan Akerson blew the horn of a 2011 Chevy Camaro SS. It was a propitious blow from one of America’s most famed muscle cars.

Yesterday, GM’s first day back on the exchange, saw its IPO range shoot up to $32 to $33  from $26 to $29. Today, shares closed at $34.19, an overall 6% increase in the IPO price. While there was much speculation as to how the stock would fare after its first day “pop,” worries have been slightly assuaged after today’s close.

Unlike a private company, which often wants a low IPO to ensure lots of shares sold, the publicly owned GM, funded by the Fed, opened at a maximal price in order to get a better return on the investment that tax payer’s dollars funded. Today, the Treasury showed that it was a good return. The U.S. Government reduced its share of the company to 37% from 66%. GM’s IPO is on pace to become the second largest ever with more than $18.1 billion sold, after Visa’s 2008 $19.7 billion sale. Private investors accounted for approximately $4 billion  of shares.

GM CFO Chris Liddell said that plans to become debt free within the next few years are being undertaken.