EverBank Financial Corp, a financial services company providing banking, lending and investing products to 575,000 customers, announced terms for its IPO on Tuesday. The Jacksonville, FL-based company plans to raise $327 million by offering 25.2 million shares (24% insider) at a price range of $12 to $14. At the midpoint of the proposed range, EverBank Financial Corp would command a market value of $1.5 billion. EverBank Financial Corp, which was founded in 1998 and booked $452 million in sales in 2011, plans to list on the NYSE under the symbol EVER. Goldman Sachs, BofA Merrill Lynch and Credit Suisse are the joint bookrunners on the deal.
