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Ally Financial (ALLY) came public on April 10, 2014 with a bottom-of-the-range pricing of $25. That still puts the market capitalization at close to $12B. The shares have been flat and are now trading at $24.

Ally is in the same general space as Santander Consumer (SC) which came public in January of 2014. Similarly SC priced at the lower end of the range has been pretty flat since. (Priced at $24 and trades at $23, SC trades with an $8B market . . .

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