Independent Bank Group, a Texas-based bank with 30 offices serving the Dallas-Forth Worth metropolitan area, announced terms for its IPO on Monday. The McKinney, TX-based company plans to raise $80 million by offering 3.2 million shares at a price range of $24 to $26. At the midpoint of the proposed range, Independent Bank Group would command a fully diluted market value of $292 million. Independent Bank Group, which was founded in 1988 and booked $81 million in sales for the 12 months ended 12/31/2012, plans to list on the NASDAQ under the symbol IBTX. Independent Bank Group initially filed confidentially on 12/28/2012. Sandler O'Neill, Evercore Partners and Keefe Bruyette Woods are the joint bookrunners on the deal.
