CreditCards.com Sets IPO Terms

CreditCards.com Inc., an Austin, Texas-based online destination for consumers to search, compare, and apply for credit cards, has set its IPO terms to around 10.73 million common shares being offered at between $13 and $15 per share. It would have an initial market cap of approximately $421 million, were it to price at the high end of its range. It plans to trade on the Nasdaq, with Credit Suisse and Citi serving as co-lead underwriters. Austin Ventures sponsored a recap of CreditCards.com last fall, and holds a 65.6% pre-IPO position. Also participating on the recap were American Capital Strategies (9.6%) and company founder Dan Smith (16.1%). www.creditcards.com