Ally Financial, the auto and mortgage lender majority-owned by the U.S. government, has selected Citigroup (C), Goldman Sachs (GS), JPMorgan Chase (JPM) and Morgan Stanley (MS) to lead a planned initial public offering, according to sources familiar with the situation. Ally, formerly known as GMAC, said previously it planned an IPO this year, and sources have said it could top $5 billion. – Reuters
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply