Ally Financial Selects Four Banks to Lead IPO

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!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.