NEW YORK ( TheStreet) -- BankUnited plans to raise $630 million in an initial public offering -- twice as much as management originally filed to raise in October of last year.

BankUnited plans to sell four million shares, and current shareholders will sell 36.25 million shares for $23 to $25 a share, according to a Securities and Exchange Commission filing.

Shareholders of the bank include Wilbur Ross and BankUnited CEO John Kanas, Carlyle Group LP, Blackstone Group ( BX) and Centerbridge Partners.

The bank was purchased from the Federal Deposit Insurance Corp.in May of 2009 following the financial crisis and its private equity investors have injected about $900 million into the bank, according to published reports.

Underwriters of the IPO are Morgan Stanley ( MS), Bank of America Merrill Lynch ( BAC), Deutsche Bank ( DB) and Goldman Sachs ( GS).

--Written by Maria Woehr in New York.

To contact the writer of this article, click here: Maria Woehr.

To follow the writer on Twitter, go to http://twitter.com/newsgirlmw.

To submit a news tip, send an email to: tips@thestreet.com.

If you liked this article you might like

How to Make Your Life Successful Just Like Billionaire Warren Buffett

How to Get Rich Using Warren Buffett's Favorite Stock Market Indicators

With the Fed, It's Different This Time

How to Live Just Like Billionaire Warren Buffett

Why Hurricanes Won't Force the Fed to Ditch a December Rate Hike