Luther Burbank prices IPO at $10.75, within the range

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Luther Burbank, a California commercial thrift focused on single and multifamily residential loans, raised $131 million by offering 12.2 million shares at $10.75, within the range of $10.50 to $12.50. Luther Burbank plans to list on the Nasdaq under the symbol LBC. Keefe Bruyette Woods and Sandler O'Neill acted as lead managers on the deal.

The article Luther Burbank prices IPO at $10.75, within the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

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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