SlideShare a Scribd company logo
1 of 4
(Reuters) - Two bank holding companies on Monday set price
 ranges for initial public offerings, in a sign that IPO activity is
   picking up in the financial sector after a slow year so far.
In the larger of the two planned IPOs, Capital Bank Financial
 Corp, a holding company started by former Bank of America
  Corp (BAC.N) executives in the aftermath of the financial
 crisis, said it plans to sell 11.4 million shares at between $21
                            and $23 each.
National Bank Holdings Corp, led by a former Bank of
       America Corp and Regions Financial Corp (RF.N)
 executive, said it plans to sell 7.2 million shares at $20 to $22
                               apiece.
        Including additional shares that could be sold to
  underwriters, Capital Bank Financial could raise more than
  $300 million, while National Bank Holdings could bring in
       more than $180 million, according to their filings.
 So far this year, there have been fewer financial IPOs than in
2011, according to market intelligence firm Ipreo, with 16 deals
raising $4.2 billion on U.S. exchanges. At this time last year, 19
              financial IPOs had raised $5.2 billion.
   Financial IPOs have slightly underperformed the broader
  market, with these newly public companies in the sector up
17.8 percent since January, compared to 20.9 percent across all
                             industries.
National Bank Holdings is on the IPO calendar for next Thursday
    along with another financial sector firm -- Spirit Realty Capital, a
commercial real estate investing firm. A date hasn't been set for Capital
                               Bank Financial.
   Capital Bank Financial and National Bank Holdings were among
    several entities to raise funds after the financial crisis of 2008, as
investors bet they could buy banks on the cheap, and take them public
                        or sell them later at a profit.
 Capital Bank Financial, formerly known as North American Financial
 Holdings, is led by former Bank of America executives Gene Taylor
and Chris Marshall, who raised $900 million from investors in 2009 to
                             buy troubled banks.
   Before renaming itself, North American bought or invested in six
     banks, including Raleigh, North Carolina-based Capital Bank
  (CBKN.O). As Capital Bank it agreed to buy Southern Community
                            Financial (SCMF.O).
Capital Bank Financial is offering 5.68 million shares and some of its
stockholders are also offering the same amount, the bank said. It has
 applied to list on the Nasdaq Global Select Market under the ticker
                            symbol "CBF".
  After its Southern Community Financial acquisition, Capital Bank
 Financial will have about $7.7 billion in assets and 165 branches in
  Tennessee, Florida, North Carolina, South Carolina and Virginia.
 National Bank Holdings, which is led by Chief Executive Timothy
     Laney, raised about $974 million in 2009. It has made four
acquisitions and had about $5.8 billion in assets as of June 30. It has
     101 branches, mostly in the greater Kansas City region and
                              Colorado.
   The bank has applied to list its shares on the New York Stock
              Exchange under the ticker symbol "NBHC".

More Related Content

Viewers also liked

Atas nama syari'at
Atas nama syari'atAtas nama syari'at
Atas nama syari'atAyu Lukita
 
Apresentaçao.eduardo1
Apresentaçao.eduardo1Apresentaçao.eduardo1
Apresentaçao.eduardo1Eduardo Cruz
 
Diari de lectures de la Maria Just (E2E)
Diari de lectures de la Maria Just (E2E)Diari de lectures de la Maria Just (E2E)
Diari de lectures de la Maria Just (E2E)LLIBRAMICbellera
 
Ratios
RatiosRatios
Ratiosmuc951
 
Unidades de almacenamiento
Unidades de almacenamientoUnidades de almacenamiento
Unidades de almacenamientoAl Jc
 
Excel -funciones_basicas
Excel  -funciones_basicasExcel  -funciones_basicas
Excel -funciones_basicasFresly Miranda
 
Bau infantil
Bau infantilBau infantil
Bau infantilmpmg3
 
Informe semanal de Análisis Técnico de Cortal Consors - 28 de junio de 2010
Informe semanal de Análisis Técnico de Cortal Consors - 28 de junio de 2010 Informe semanal de Análisis Técnico de Cortal Consors - 28 de junio de 2010
Informe semanal de Análisis Técnico de Cortal Consors - 28 de junio de 2010 Salainversion
 
LA WEB 2.0
LA WEB 2.0LA WEB 2.0
LA WEB 2.0olga
 
Cómo buscar en internet
Cómo buscar en internetCómo buscar en internet
Cómo buscar en internetAl Jc
 
Couleurs de la vie
Couleurs de la vieCouleurs de la vie
Couleurs de la viemoi8454
 
Presentación
 Presentación Presentación
PresentaciónAl Jc
 

Viewers also liked (20)

Atas nama syari'at
Atas nama syari'atAtas nama syari'at
Atas nama syari'at
 
Apresentaçao.eduardo1
Apresentaçao.eduardo1Apresentaçao.eduardo1
Apresentaçao.eduardo1
 
Diari de lectures de la Maria Just (E2E)
Diari de lectures de la Maria Just (E2E)Diari de lectures de la Maria Just (E2E)
Diari de lectures de la Maria Just (E2E)
 
LOS CREMAS SE PERDIERON EL PARTIDO
LOS CREMAS SE PERDIERON EL PARTIDOLOS CREMAS SE PERDIERON EL PARTIDO
LOS CREMAS SE PERDIERON EL PARTIDO
 
Verduresihortalisses
VerduresihortalissesVerduresihortalisses
Verduresihortalisses
 
Ratios
RatiosRatios
Ratios
 
Unidades de almacenamiento
Unidades de almacenamientoUnidades de almacenamiento
Unidades de almacenamiento
 
Excel -funciones_basicas
Excel  -funciones_basicasExcel  -funciones_basicas
Excel -funciones_basicas
 
Pinturas
PinturasPinturas
Pinturas
 
Bau infantil
Bau infantilBau infantil
Bau infantil
 
Filosofia 23m fff
Filosofia 23m fffFilosofia 23m fff
Filosofia 23m fff
 
Informe semanal de Análisis Técnico de Cortal Consors - 28 de junio de 2010
Informe semanal de Análisis Técnico de Cortal Consors - 28 de junio de 2010 Informe semanal de Análisis Técnico de Cortal Consors - 28 de junio de 2010
Informe semanal de Análisis Técnico de Cortal Consors - 28 de junio de 2010
 
Grecia
GreciaGrecia
Grecia
 
LA WEB 2.0
LA WEB 2.0LA WEB 2.0
LA WEB 2.0
 
Pensamentos clássicos 23mp
Pensamentos clássicos 23mpPensamentos clássicos 23mp
Pensamentos clássicos 23mp
 
Jocs florals XXXIV
Jocs florals XXXIVJocs florals XXXIV
Jocs florals XXXIV
 
Cómo buscar en internet
Cómo buscar en internetCómo buscar en internet
Cómo buscar en internet
 
AGENDA 3
AGENDA 3AGENDA 3
AGENDA 3
 
Couleurs de la vie
Couleurs de la vieCouleurs de la vie
Couleurs de la vie
 
Presentación
 Presentación Presentación
Presentación
 

Two bank holding companies set IPO price ranges talinec holdings ltd

  • 1. (Reuters) - Two bank holding companies on Monday set price ranges for initial public offerings, in a sign that IPO activity is picking up in the financial sector after a slow year so far. In the larger of the two planned IPOs, Capital Bank Financial Corp, a holding company started by former Bank of America Corp (BAC.N) executives in the aftermath of the financial crisis, said it plans to sell 11.4 million shares at between $21 and $23 each.
  • 2. National Bank Holdings Corp, led by a former Bank of America Corp and Regions Financial Corp (RF.N) executive, said it plans to sell 7.2 million shares at $20 to $22 apiece. Including additional shares that could be sold to underwriters, Capital Bank Financial could raise more than $300 million, while National Bank Holdings could bring in more than $180 million, according to their filings. So far this year, there have been fewer financial IPOs than in 2011, according to market intelligence firm Ipreo, with 16 deals raising $4.2 billion on U.S. exchanges. At this time last year, 19 financial IPOs had raised $5.2 billion. Financial IPOs have slightly underperformed the broader market, with these newly public companies in the sector up 17.8 percent since January, compared to 20.9 percent across all industries.
  • 3. National Bank Holdings is on the IPO calendar for next Thursday along with another financial sector firm -- Spirit Realty Capital, a commercial real estate investing firm. A date hasn't been set for Capital Bank Financial. Capital Bank Financial and National Bank Holdings were among several entities to raise funds after the financial crisis of 2008, as investors bet they could buy banks on the cheap, and take them public or sell them later at a profit. Capital Bank Financial, formerly known as North American Financial Holdings, is led by former Bank of America executives Gene Taylor and Chris Marshall, who raised $900 million from investors in 2009 to buy troubled banks. Before renaming itself, North American bought or invested in six banks, including Raleigh, North Carolina-based Capital Bank (CBKN.O). As Capital Bank it agreed to buy Southern Community Financial (SCMF.O).
  • 4. Capital Bank Financial is offering 5.68 million shares and some of its stockholders are also offering the same amount, the bank said. It has applied to list on the Nasdaq Global Select Market under the ticker symbol "CBF". After its Southern Community Financial acquisition, Capital Bank Financial will have about $7.7 billion in assets and 165 branches in Tennessee, Florida, North Carolina, South Carolina and Virginia. National Bank Holdings, which is led by Chief Executive Timothy Laney, raised about $974 million in 2009. It has made four acquisitions and had about $5.8 billion in assets as of June 30. It has 101 branches, mostly in the greater Kansas City region and Colorado. The bank has applied to list its shares on the New York Stock Exchange under the ticker symbol "NBHC".