EverBank Financial prices IPO at $10, below the revised range

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EverBank Financial, an online bank providing lending and investing products to 575,000 customers, priced its 19.2 million share IPO at $10, below the revised $11-$12 range. The company had originally intended to sell 25.2 million shares (including 5.9 million from insiders) at a price of $12-$14, resulting in a total deal size that was 41% below that originally planned. Goldman Sachs, BofA Merrill Lynch and Credit Suisse were the bookrunners on the deal.

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This article appears in: Investing , IPOs

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