Capital Bank Financial Corp., a US bank holding company in the southeast, announced terms for its IPO on Monday. The Coral Gables, FL-based company plans to raise $250 million by offering 11.4 million shares (50% insider) at a price range of $21.00 to $23.00. At the midpoint of the proposed range, after given effect of its reorganization on the offering, Capital Bank Financial Corp. would command a fully diluted market value of approximately $1.3 billion.
Capital Bank Financial Corp., which was founded in 2009 and booked $251 million in sales for the 12 months ended June 30, 2012, plans to list on the NASDAQ under the symbol CBF. Primary VC backers include Crestview Partners, Franklin Templeton, and Oak Hill Advisors. Credit Suisse, BofA Merrill Lynch and Goldman Sachs are the joint bookrunners on the deal.
