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GMAC 2.0: ALLY Opens Below Its IPO Price
Article By: Tyler Durden
Thursday, April 10, 2014 10:29 AM EDT
Another day, another 'failed' IPO. Ally Financial - aka GMAC - that bastion of subprime auto loans and risk management, IPO'd at $25 last night (at the very bottom of the $25 to $28 range) but investors seem to prefer to sell their allocations than pile into this 'bank'.
In this article: ALLYPRB
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