Cowen Sets IPO Range

It wants to raise about $235 million.

Author:: Matthew Goldstein
Publish date:: Jun 12, 2006 3:25 PM EDT

It wants to raise about $235 million.

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

(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

(BBX) - Get Report

, filed for an IPO. Investment firm Evercore Partners also has filed for an upcoming IPO.