Imperial Capital Group Inc

Boutique investment banking firm Imperial Capital Group Inc. has filed to go public, hoping to tap investors' improved appetite for new stock issues. In a preliminary prospectus, the Century City firm proposed to raise as much as $150 million in a deal that would allow management to cash out a portion of its ownership stake. But besides that, and paying off a $10-million credit line, Imperial said it hadn't decided what to do with the money it would raise, other than use it for general corporate purposes.

Boutique investment banking firm Imperial Capital Group Inc. has filed to go public, hoping to tap investors' improved appetite for new stock issues. In a preliminary prospectus, the Century City firm proposed to raise as much as $150 million in a deal that would allow management to cash out a portion of its ownership stake. But besides that, and paying off a $10-million credit line, Imperial said it hadn't decided what to do with the money it would raise, other than use it for general corporate purposes.