Ally Financial, an auto and mortgage lender majority owned by the U.S. government, is delaying a $6 billion IPO due to bad market conditions, two sources familiar with the situation told Reuters. The roadshow for the initial public offering was expected to launch late this week or early next week, which would have brought the company public before the U.S. July 4 holiday.
Ally Financial delaying $6 billion IPO: sources
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What lies ahead
In real estate, short-term rentals (STRs) have carved a niche that extends far beyond the heyday of basic room rentals. This market has transformed in recent years, offering travelers a range of unique experiences while providing property owners with an appealing stream of income.
