BankUnited Inc. raised $783 million in its initial public offering, more than 18% than what it initially expected.
The Miami Lakes, Fla., company, which was bought in May 2009 by private investors including W.L. Ross & Co., Blackstone Group and Carlyle Group, said in a press release late Thursday that it sold 29 million shares of common stock at $27 a share. The stock is expected to start trading on the New York Stock Exchange under the symbol BKU.
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