Under favorable market conditions, an IPO for International Lease Finance Corporation could fetch $1.5 billion to $2 billion dollars according to WSJ data, making it one of the larger offerings of the year. At the end of March, the operation is said to have a book value of $8.2 billion. Not surprisingly, the potential transaction has Wall Street banks vying for lead roles.
AIG is trading at $27.65 and its 52-week trading range is $27.05 to $62.87. This one is still trading as a busted deal since its government stake sale earlier this year.
The biggest of the big in the too big to fail bailouts still has a long way to go in unlocking its value and an even longer way to go before Uncle Sam is out of its board room.
JIM BERDOU
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