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Imperial Holdings Files For Up To $287.50 Mln IPO Of Common Stock

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Imperial Holdings, Inc., a specialty finance company with a focus on providing financing for individual life insurance policies and purchasing structured settlements, announced its plan to go public through an initial public offering of up to $287.50 million shares of its common stock.

The Boca Raton, Florida-based company, which was founded in December 2006, disclosed its prospectus with the U.S. Securities and Exchange Commission that it intends to apply to list its common stock on the New York Stock Exchange under the symbol "IFT"

The company plans to contribute net proceeds from this offering to its subsidiary, Imperial Premium Finance, LLC, to support premium financing lending activities, and remaining proceeds for general corporate purposes.

Imperial had total assets of $257.4 million as of March 31, 2010. During the three months ended March 31, 2010 and the year ended December 31, 2009, the company had income before expenses of $19.7 million and $96.6 million, respectively.

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