American Int'l (AIG) Looking At May To Begin 'Re-IPO' Road Show
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American International Group (NYSE: AIG) is reeling today following their fourth quarter earnings report, which came out after the market closed yesterday. AIG reported an operating loss of $15.99 per share, down from $16.20 yesterday.
However, today reports have surfaced about a timeline for the Re-IPO of the insurer. According to the Wall Street Journal, AIG will aim for May, just after their first quarter earnings release, to begin roadshows for the IPO.
Both AIG and bankers initially agreed to begin the roadshow in March, but said that the window wasn't long enough to market the shares.
The government's stake in the company is worth about $64 billion currently, and the IPO may involve the sale of $20 billion in stock...one of the largest in U.S. history.
However, today reports have surfaced about a timeline for the Re-IPO of the insurer. According to the Wall Street Journal, AIG will aim for May, just after their first quarter earnings release, to begin roadshows for the IPO.
Both AIG and bankers initially agreed to begin the roadshow in March, but said that the window wasn't long enough to market the shares.
The government's stake in the company is worth about $64 billion currently, and the IPO may involve the sale of $20 billion in stock...one of the largest in U.S. history.
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