Also in 2009, General Motors of Canada Limited was not part of the General Motors Chapter 11 bankruptcy, the company shed several brands, closing Saturn, Pontiac, and Hummer, while selling Saab Automobile to Dutch automaker Spyker, and emerged from a government-backed Chapter 11 reorganization. In 2010, the reorganized GM made an initial public offering that was one of the world's top five largest IPOs to-date, and returned to profitability later that year. GM started negotiations but did not complete the sale of Saturn and Hummer to Penske and Sichuan Tengzhong Heavy Industry respectively.