Tag Archives: Ally Financial

Ally files for IPO, no word on price or how much it plans to sell

Ally Financial filed for an initial public offering yesterday. The U.S. Treasury plans to raise $5 billion the Detroit-based auto and mortgage lender . The Securities and Exchange Commission┬ámust approve the nearly 500-page prospectus before the company can go public. The U.S. Treasury, which owns 74 percent of the lender as a part of a […]

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