Imperial Holdings prices IPO at $10.75, within its revised range

Imperial Holdings, a specialty finance firm originating loans collateralized by life insurance policies, raised $179 million by offering 16.7 million shares at $10.75, just below the midpoint of its revised $10 to $12 range. The company originally planned to raise $250 million by selling shares at a range of $14 to $16. Imperial Holdings will begin trading on the NYSE on Tuesday under the symbol IFT. FBR Capital Markets was the lead underwriter on the deal. JMP Securities and Wunderlich Securities acted as co-managers.