ACA Sets IPO Terms

ACA Capital Holdings Inc., a New York-based specialty finance company focused on asset management services and credit protection products, has set its proposed IPO terms to around 12.2 million common shares being offered at between $15 and $17 per share. It plans to trade on the NYSE under ticker symbol ACA, with Credit Suisse, JPMorgan and Bear Stearns serving as co-lead underwriters. Shareholders include Bear Stearns Merchant Banking, Stephens Group and Aegon < ?XML:NAMESPACE PREFIX = ST1 />USA.