BankUnited has raised a total of $783 million in an initial public offering (IPO),
The Wall Street Journal reports. The U.S. saving and loan association bank sold 29 million shares at $27 per share.
The size of deal was increased from an initially planned 26.3 million shares at $23 to $25 per share. The bank’s shares will trade on the New York Stock Exchange. Earlier, BankUnited was sold by the Federal Deposit Insurance Corporation to a group of investors led by banker John Kanas and WL Ross & Company, with other investors, including Carlyle Group, Blackstone Group, and Centerbridge Partners.
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