FCB Financial Holdings prices IPO at $22 low end of the revised range

By
A A A

FCB Financial Holdings, a Florida-based bank formed through acquisitions of eight failed banks, raised $165 million by offering 7.5 million shares (39% from insiders) at $22, the low end of the range of $22-$23. The company had originally planned to sell 8.715 million shares (50% from insiders) at $24-$27 before reducing the insider selling component and cutting the range on Thursday. FCB Financial Holdings plans to list on the NYSE under the symbol FCB. Deutsche Bank, J.P. Morgan, BofA Merrill Lynch and UBS acted as lead managers on the deal.




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

Referenced Stocks: FCB

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Stocks

Referenced

100%

Most Active by Volume

72,223,555
  • $15.85 ▲ 2.06%
57,618,289
  • $112.34 ▲ 4.29%
49,834,968
  • $57.29 ▲ 0.28%
48,763,614
  • $24.57 ▲ 2.89%
39,835,520
  • $9.32 ▲ 1.08%
39,627,764
  • $103.90 ▲ 2.82%
38,175,110
  • $105.44 ▼ 0.33%
36,279,602
  • $43.36 ▲ 3.68%
As of 9/2/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com