2007 initial public offering (IPO) News

American International Group Inc. plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc. agreed to buy a sizeable stake, according to a person familiar with the matter. AIG and Blackstone said …

Greenlight Capital Re Ltd., the reinsurer whose chairman is hedge-fund manager David Einhorn, erased most of its gains from its 2007 initial public offering price after losses from investments and underwriting. Greenlight Re fell to as low as $18.76 Wednesday, …