Bankrate, Inc., a leading publisher, aggregator and distributor of personal finance content on the Internet, announced terms for its IPO on Monday. The North Palm Beach, FL-based company plans to raise $300 million by offering 20 million shares at a price range of $14 to $16. At the mid-point of the proposed range, Bankrate, Inc. will command a market value of $1.5 billion. Bankrate, Inc., which was founded in 1976 and booked $285 million in sales for the 12 months ended March 31, 2011, plans to list on the NYSE under the symbol RATE. Goldman, Sachs & Co., BofA Merrill Lynch, Citi and J.P. Morgan are the lead underwriters on the deal, which is expected to price during the week of June 13.
