Trading The AIG IPO (AIG, MS, GS)

AIG (NYSE: AIG) is getting closer and closer to becoming an entire publicly traded company again, and the underwriters of the "re-IPO" will reap billions in profits and fees, as it's the "largest share offering in the history of humankind."

The Treasury, whill own 92.1% of AIG after a recapitalization deal. This will lead AIG to take a $3.6 billion charge this quarter, but the secondary share offering is where the money is going to be made.

Expected in May, the offering could be well north of $10 billion according to sources close to the situation. Banks are fighting for their slice of the pie, and the CEOs are in Washington this week to plead their case.

Read Full Article from San Francisco Chronicle

- Posted: 2011-01-13 10:20:43

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