Contact Information: Investor inquiries: Anna Halloran Jacob Imperial Capital Group, Inc. Tel: 310-246-3675
Imperial Capital Group, Inc. Commences Initial Public Offering of Common Stock
| Source: Imperial Capital
LOS ANGELES, CA--(Marketwire - January 25, 2010) - Imperial Capital Group, Inc. ("Imperial
Capital") today announced the launch of its initial public offering of
6,666,666 shares of Imperial Capital's class A common stock. The initial
public offering price is expected to be between $15.00 and $17.00 per
share. This is a primary offering of shares of class A common stock by
Imperial Capital, and BofA Merrill Lynch, JMP Securities and Imperial
Capital, LLC are serving as joint bookrunners for the offering. The
underwriters have the option to purchase from Imperial Capital up to an
additional 1,000,000 shares of class A common stock, on the same terms and
conditions, to cover over-allotments, if any. Imperial Capital has been
approved to have its common stock listed on the New York Stock Exchange,
subject to notice of issuance, under the symbol "ICG."
Imperial Capital intends to use approximately $24.8 million of the net
proceeds of this offering (assuming no exercise of the over-allotment
option) to purchase approximately 1,666,666 partnership units in Imperial
Capital Group, L.P. from ICGI Holdings, LLC. The remaining $74.4 million
of the net proceeds of this offering will be contributed to Imperial
Capital Group, L.P.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective.
The offering of the class A common stock will be made only by means of a
prospectus. When available, a copy of the preliminary prospectus relating
to this offering may be obtained from BofA Merrill Lynch, 4 World Financial
Center, New York, NY 10080, Attention: Prospectus Department or email
Prospectus.Requests@ml.com, or JMP Securities, Prospectus Department, 600
Montgomery Street 11th Floor, San Francisco, CA 94111 or by telephone at
(415) 835-8900 or Imperial Capital, LLC, Prospectus Department, 2000 Avenue
of the Stars, 9th Floor, South Tower, Los Angeles, CA 90067.
This news release shall not constitute an offer to sell or a solicitation
of an offer to buy class A common stock of Imperial Capital, nor shall
there be any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.
About Imperial Capital
Imperial Capital is a newly formed Delaware corporation that has been
formed to hold the equity interests in, and manage the subsidiaries of,
Imperial Capital Group, L.P. Imperial Capital is an investment banking firm
with offices in Los Angeles, New York, San Francisco, Boston, Houston and
Minneapolis. Imperial Capital offers sales and trading services to
institutional investors and investment banking advisory, capital markets
and restructuring services to middle market corporate clients and provides
proprietary research, including bank debt, debt securities, hybrid
securities, preferred and common equity and special situations claims.