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US: Ally Financial files for IPO

Ally Financial, the former finance arm of General Motors (GM) has revealed it is preparing an IPO to help repay US government aid received during the financial crisis. Ally Financial Inc said in an SEC filing that the IPO could raise up to US$100m, but analysts believe the actual offering will be It’s time to log … Continued

Ally Financial, the former finance arm of General Motors (GM) has revealed it is preparing an IPO to help repay US government aid received during the financial crisis.

Ally Financial Inc said in an SEC filing that the IPO could raise up to US$100m, but analysts believe the actual offering will be

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