Keefe Bruyette Plans IPO

Keefe Bruyette & Woods will become the next boutique investment bank to go public.

The investment banking and brokerage firm, which withdrew plans for an IPO in 1999, issued a statement Thursday saying that it plans to pursue an initial offering.

"A public offering will enhance the company's ability to pursue growth opportunities with additional capital and a publicly traded security", the company said in a statement. "KBW has decided on this course of action given the recent strength of the market, the company's strong performance and growth, and its continued optimism in the company's future." ...