Verso Paper, a supplier of coated paper to catalog and magazine publishers, revised the terms of its IPO in a filing with the SEC on Wednesday. After originally filing for an offering of 18.8 million shares at a range of $16-$18, the company now plans to sell 14 million shares (-26% fewer) at $12 apiece (-29% lower). Credit Suisse and Citi are the lead underwriters on the deal, which is expected to price Wednesday evening.
