Imperial Holdings, a specialty finance company originating loans collateralized by life insurance policies, announced terms for its IPO on Wednesday. The Boca Raton, FL-based company plans to raise $250 million by offering 16.7 million shares at a price range of $14-$16. At the mid-point of the proposed range, Imperial Holdings will command a market value of $304 million. Imperial Holdings, which was founded in 2006 and booked $97 million in revenues in 2009, plans to list on the NYSE under the symbol IFT. FBR Capital Markets, JMP Securities and Wunderlich Securities are the lead underwriters on the deal, for which timing was not disclosed.
