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Just days before the secondary offering of AIG (AIG -2%) shares is marketed to investors, the...

Just days before the secondary offering of AIG (AIG -2%) shares is marketed to investors, the sellers are at loggerheads with the bankers over where to price the deal, CNBC reports. The U.S. Treasury wants ~$31.50/share, while underwriters push to go as low as $25, arguing the lower price would encourage a larger overall sale.
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  • Stone Fox Capital
    , contributor
    Comments (7032) | Send Message
     
    this sounds like the typical IPO. Lets price it at 25 so they can immediately flip it for 31.5. Govt should hold at 31.5 and take what they get and screw the bankers who just want more fees.
    5 May 2011, 02:52 PM Reply Like
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