Specifics around the proposed IPO of CapitalSource Inc., a commercial finance lender and repeat ABS issuer, continue to remain hazy despite the fact the company issued an amended filing last week with the Securities and Exchange Commission. The new document gave little in the way of juicy tidbits.
Initially filing to go public on June 12, the company hasn't shed any light as to how many shares it plans to sell in its IPO, nor at what price range, in either filing. What investors do know is that CapitalSource is seeking to raise $402.5 million, a very large offering size in comparison to other new IPO filings this year. The company plans to go public on the New York Stock Exchange utilizing the "CSE" ticker. Credit Suisse First Boston is the lead underwriter, joined by Citigroup, Wachovia Securities, Goldman Sachs, Lehman Brother, JMP Securities and U.S. Bancorp Piper Jaffray.