On May 24, 2011 American International Group (AIG) completed an offering of 300 million shares. In the offering, the U.S. Treasury sold 200 million of its shares, which was an important step in the government’s effort to sell down its majority stake in AIG. The sale raised $8.7 Billion and Great Pacific Securities acted as a Co-Manager.
This is an excerpt from the original prospectus supplement.