IndyMac Prices Stock Offering

IndyMac Bancorp Inc., Pasadena, Calif., has priced an offering of 3.2 million shares of common stock at $31.75 per share.The gross proceeds of the offering totaled $101.6 million, IndyMac said. The company has granted the underwriters a 30-day option to buy up to 480,000 additional shares to cover any overallotments. Lehman Brothers was the sole book-running manager of the offering, and Morgan Stanley acted as co-manager. IndyMac can be found online at http://www.indymacbank.com.

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