Bank of America (NYSE:BAC) , Deutsche Bank (NYSE:DB), Goldman Sachs (NYSE:GS), JP Morgan (NYSE:JPM) Lead underwriters in "re-IPO" of AIG

The re-IPO of AIG could very well be the largest in 2011, led by underwriters Bank of America (NYSE:BAC), Deutsche Bank (NYSE:DB), Goldman Sachs (NYSE:GS) and JP Morgan (NYSE:JPM).

It's hard to tell what the IPO will generate though, as it is estimated in a range of $10- to- $30 million. It could be priced as early as next month.

As with numerous financial institutions, AIG was crushed under the weight of its exposure to mortgage-backed securities it had insured.

Bruce Berkowitz, founder and portfolio manager of Fairholme Capital Management, likes AIG over the long term. He said, "At Fairhome we are up to about $22 billion assets and we have to be long term investors now ... we need to find companies that we can have a very long time span with and let time be our friend. I think AIG is gonna be one of those companies given what we've just been through.

"People are under the mistaken belief that AIG still owes the government a lot of money, $60 billion plus, but they don't."