The giant insurer American International Group is moving full-steam ahead with its plans for a huge stock offering, or re-IPO, as bankers are calling it.
AIG, its underwriters, and the U.S. Treasury, which is selling down its large majority stake in the insurer as part of the deal, are targeting the week of May 9 to begin a road show for the offering, according to one person familiar with the matter. That week is a strong possibility although exact timing is still fluid, another person familiar with the matter said.