BankUnited Inc., the Florida lender owned by investors including Blackstone Group LP, Carlyle Group and WL Ross & Co., filed to raise as much as $300 million in an initial public offering.
Morgan Stanley, Bank of America Corp., Goldman Sachs Group Inc. and Deutsche Bank AG will arrange the IPO, the lender said in a filing Friday with the Securities and Exchange Commission. BankUnited of Miami Lakes did not disclose the number of shares or the price range for the offering in the filing.
It will use proceeds from the IPO for general corporate purposes, according to the filing. BankUnited intends to use proceeds to take over banks based in New York, a person with direct knowledge of its plans said previously.