UPDATE 3-Ally files for IPO, readies for Treasury sell-down

Newswire

* Citi, Goldman, JPMorgan, M. Stanley lead underwriters * Number of shares, price range not specified in filing * U.S. Treasury owns 73.8 percent stake in Ally (Adds ownership details, reasons for filing for smaller IPO) NEW YORK, March 31 (Reuters) - Ally Financial filed for an initial public offering that will allow the U.S. government to sell down its majority stake in the bailed-out auto and mortgage lender. The company filed with the U.S. Securities and Exchange Commission on ...

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