NewStar Sets IPO Terms

NewStar Financial Inc., a Boston-based provider of debt financing for middle-market businesses, has set its proposed IPO terms to 11 million common shares being offered at between $15 and $17 per share. It plans to trade on the Nasdaq under ticker symbol NEWS, with underwriters including Goldman Sachs, Morgan Stanley, Citigroup and Wachovia Securities. Shareholders include Capital Z Partners, Corsair Capital, JPMorgan Capital and Northwestern Mutual Life Insurance Co. www.newstarfin.com