- Ally Financial CEO Michael Carpenter believes the auto-financing firm will hold an IPO roadshow in Q1 or early Q2.
- The government, which bailed out Ally out during the financial crisis, holds 37% in the company but is likely to have sold its stake by the end of this year.
- "It's really up to Treasury in terms of how they exit," Carpenter told Bloomberg. "Chances are the Treasury won't be the shareholder by the end of the year.
- His comments come after the government sold $3B worth of Ally shares in a private placement earlier this month.
Ally expects to start IPO roadshow in H1
Jan 26 2014, 02:01 ET