Bankrate Plans to Raise $320M in IPO
Personal finance web site Bankrate is planning to raise $320 million from its upcoming initial public offering, Reuters reported. The company said it would sell 12.5 million shares at a price of $14-$16 per share. The company filed in April for an IPO of up to $500 million. Bankrate was acquired by Ben Holding S.a.r.l. through a fund affiliated with a private equity firm Apax Partners LP in 2009, Reuters wrote.
Bycnolan
6 June 2011•1 min read
