Private equity-backed Everbank Financial hopes to raise up to $350m when it floats on the stock market later this year.
That would involve it selling 25.2 million shares at $14 each, although it has set a lower limit of $12 which would value it at just over $302m.
About 19.2 million shares will be sold by the company itself, with stakeholders parting with the other six million.
The IPO will easily be the largest banking listing of the year so far, dwarfing Homestreet’s $79m effort in February.
Everbank plans to list on the New York Stock Exchange under the EVER ticker.
Everbank co-founder Rob Foregger helped launch Silicon Valley financial services company Personal Capital last October thanks to $27m of venture investment.
The company plans to offer unique, sophisticated and tailored advice, analysis and support to customers.
Copyright © 2012 AltAssets