BankUnited Inc. unveiled estimated terms for an increased initial public offering, with current holders behind the bulk of the equity sale.

The Florida bank plans to sell 4 million shares, while current holders sell 22.25 million, for $23 to $25 each. In October, the company had filed to raise up to an estimated $300 million. At the time, the investors were seen selling little of their stake.

BankUnited said Tuesday it plans to use proceeds for general corporate purposes.

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