Ally Financial to offer 95M shares in an IPO, Treasury to sell shares Ally Financial announced that it has launched an initial public offering of shares of its common stock. The shares will be offered by the U.S. Department of the Treasury as part of its planned exit of its investment in Ally. Treasury is offering 95M shares of Ally common stock at a price per share ranging between $25 and $28. Citigroup, Goldman, Sachs & Co., Morgan Stanley and Barclays are acting as joint global coordinators on the offering.
Ally Financial likely to be added to S&P 500 in near-term, says Bernstein Bernstein believes that Ally meets the criteria for the S&P 500 and has a larger market cap than 23% of S&P 500 financial companies. The firm expects Ally to be one of the next stocks added to the S&P 500. It keeps an Outperform rating on the shares.