California financial services firm First Foundation files for a $58 million IPO

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First Foundation, which provides wealth management to high net-worth individuals and commercial banking services to businesses and consumers, filed on Saturday with the SEC to raise up to $58 million in an initial public offering. The Irvine, CA-based company, which was founded in 2006 and booked $58 million in sales for the 12 months ended March 31, 2014, plans to list on the NASDAQ under the symbol FFWM. First Foundation initially filed confidentially on March 19, 2014. Sandler O'Neill and Keefe Bruyette Woods are the joint bookrunners on the deal. No pricing terms were disclosed.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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