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

By Renaissance Capital,

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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 Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: SQBK

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