ACA Prices at Low End

ACA Capital Holdings Inc., a New York-based specialty finance company focused on asset management services and credit protection products, priced 12.2 million common shares at $13 per share ($15-$17 forecast), for an IPO take of approximately $158.6 million. It will trade on the NYSE under ticker symbol ACA, while Credit Suisse, JPMorgan and Bear Stearns served as co-lead underwriters. Shareholders include Bear Stearns Merchant Banking, Stephens Group and Aegon USA.