New Orleans-based First NBC Bank sets terms for $100 million IPO

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First NBC Bank Holding Company, a full-service bank operating more than 30 branches in the New Orleans metropolitan area, announced terms for its IPO on Tuesday. The New Orleans, LA-based company plans to raise $100 million by offering 4.2 million shares at a price range of $22 to $26. At the midpoint of the proposed range, First NBC Bank Holding Company would command a fully diluted market value of $426 million.

First NBC Bank Holding Company, which was founded in 2006 and booked $120 million in revenue for the 12 months ended 12/31/2012, plans to list on the NASDAQ and announced its ticker would be NBCB. Sandler O'Neill and Keefe Bruyette Woods are the joint bookrunners 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: NBCB

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