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.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , IPOs

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