Cowen Sets IPO Range
Cowen, the investment banking arm of France's Societe Generale, is looking to raise up to $235 million in its upcoming IPO.
The investment firm, which first filed for an initial public offering in March, says it expects to price its shares between $19 and $21. Cowen expects to sell about 11.2 million shares in the offering.
The stock will trade under the ticker "COWN."
Earlier this year, San Francisco-based
Thomas Weisel
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(TWPG)
raised $90 million in an IPO. Shares in that offering were price at $15. The stock, which had traded as high as $23 a share, is currently trading around $18.14.
This year a number of small brokerages and investment firms have filed for IPOs. In April, Ryan Beck, which is owned by
BankAtlantic Bancorp
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, filed for an IPO. Investment firm Evercore Partners also has filed for an upcoming IPO.
