First Bank New Jersey prices IPO at $6, below expectations

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First Bank New Jersey, which provides traditional deposits and loan products through four New Jersey branches, raised $20 million by offering 3.3 million shares at $6, below its anticipated IPO price of $6.25. First Bank New Jersey plans to list on the NASDAQ under the symbol FRBA. Baird acted as lead manager on the deal.

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

This article appears in: News Headlines , IPOs

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