Northeastern bank TriState Capital files for a $70 million IPO

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TriState Capital, a bank serving middle market businesses primarily in Pennsylvania, New York, New Jersey and Ohio, filed on Tuesday with the SEC to raise up to $70 million in an initial public offering.

The Pittsburgh, PA-based company, which was founded in 2007 and generated $77 million in revenue for the 2012 fiscal year, plans to list on the NASDAQ under the symbol TSC. TriState Capital initially filed confidentially on 2/1/2013. Stephens Inc., Keefe Bruyette Woods and Baird are the joint bookrunners on the deal. No pricing terms were disclosed.



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

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