Square 1 Financial prices IPO at $18, above the range

By
A A A

Square 1 Financial, which provides banking services to venture-backed companies, raised $104 million by offering 5.8 million shares (46% from insiders) at $18, above its $15 to $17 range. The number of shares offered was reduced slightly from the original 5.9 million shares planned, with the difference coming from fewer insider shares sold. Square 1 Financial will list on the NASDAQ under the symbol SQBK. Sandler O'Neill and Keefe Bruyette Woods were the underwriters 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: SQBK

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Stocks

Referenced

Most Active by Volume

33,974,386
  • $17.98 ▲ 0.28%
20,763,901
  • $91.29 ▲ 2.06%
19,110,793
  • $7.26 ▼ 1.22%
18,528,869
    $8.33 unch
18,014,920
  • $4.19 ▼ 1.18%
16,448,919
  • $25.83 ▼ 0.19%
14,748,190
  • $7.60 ▼ 1.43%
14,144,383
  • $112.01 ▼ 0.47%
As of 12/24/2014, 02:12 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com