Independent Bank Group prices IPO at $26, at the high end of the range

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Independent Bank Group, a Texas-based bank with 30 offices primarily in the Dallas/Fort Worth MSA, raised $83 million by offering 3.2 million shares at $26, at the high end of the range of $24 to $26. Independent Bank Group will list on the NASDAQ under the symbol IBTX. At the offer price, the McKinney, TX-based bank commands a fully diluted market value of $304 million. Sandler O'Neill, Evercore Partners and Keefe Bruyette Woods 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: IBTX

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