More Details On AIG IPO (AIG)

CNBC's Kate Kelly is providing more detail on the AIG AIG IPO. Kelly is saying that the potential sale stake by the U.S. Treasury could be in the $20-$25 billion dollar range. The mandate to award being the lead underwriter for the IPO is expected to be announced sometime next week. It's expected to be similar to the General Motors GM IPO, as a large syndicate of banks will be announced. Banks are in Washington this week gunning for the top spot. Bank of America BAC, J.P. Morgan JPMMS and Goldman Sachs GS are all in the running this for the top spot. Shares of AIG are sharply lower today, losing $3.54 to $53.65. Rumors have come out that Bruce Berkowitz is potentially selling his stake ahead of the "re-IPO."