Ally Financial is seeking underwriters for its initial public offering, The Wall Street Journal reports. JP Morgan Chase, Citigroup, Goldman Sachs and Morgan Stanley are among the banks being interviewed as potential underwriters.

The details of the stock offering have not been decided yet, but only some of Ally’s shares will be sold in its offering. Ally expects to use the proceeds to repay part of its $17.2 billion federal bailout.

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