VeriFone sets price range of $12-$14

VeriFone, a global provider of technology enabling electronic payment transactions, confirmed it will be offering 15.4 million shares with a price range of $12 to $14. Taken at $13 per share, VeriFone would have a market cap of $848 million. CS First Boston and JPMorgan are the joint book runners. VeriFone has filed to be traded on the NYSE under the symbol "PAY." Timing has yet to be determined.