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Imperial Holdings, Inc. Closes Initial Public Offering

  //business-finance.news-articles.net/content/201 .. holdings-inc-closes-initial-public-offering.html
  Published in Business and Finance on Friday, February 11th 2011 at 12:16 GMT by Market Wire
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BOCA RATON, Fla.--([ BUSINESS WIRE ])--[ Imperial Holdings, Inc. ] (NYSE: IFT), a specialty finance company with a focus on providing premium financing for individual life insurance policies and purchasing structured settlements, today announced that it closed its initial public offering of 16,666,667 shares of common stock at $10.75 per share. In addition, Imperial Holdings, Inc. has granted the underwriters a 30-day option to purchase up to an additional 2,500,000 shares of common stock to cover over allotments, if any.

FBR Capital Markets & Co. acted as lead bookrunner, JMP Securities LLC acted as lead manager and Wunderlich Securities, Inc. acted as co-manager for the offering.

A copy of the prospectus may be obtained from FBR Capital Markets & Co., Prospectus Department, 1001 18th Street, North, Arlington, VA 22209 or by e-mail at [ prospectuses@fbr.com ].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.