Bank United story updated to reflect recent share price.
NEW YORK (
shares, which debuted on the
New York Stock Exchange
Friday following a $783 million initial public offering Thursday, were down from their open levels.
BankUnited sold 29 million shares at $27 each, which was above their initial range of 26.25 million shares at $23 to $25 each. The stock, which opened Friday at $29.50, was recently trading at $28.29.
BankUnited's IPO is the first offering since the 2008 financial crisis of a failed institution that has been turned around by private equity. Many
BankUnited into the public markets, including
, formally IndyMac.
WL Ross & Co.
could see a gain as high as
--Written by Maria Woehr in New York.
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