JMP Group, a full-service investment banking and asset management firm headquartered in San Francisco, announced the terms of its IPO Thursday. The company plans to offer 7.9 million shares, including 1.9 from selling shareholders, at a price range of $10.50 to $12.50. JMP Securities, Merrill Lynch, and Keefe, Bruyette & Woods are the bookrunners on the deal.
