Texas bank Veritex Holdings files for a $40 million IPO


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Veritex Holdings, a Texas bank with over $700 million of assets and eight branches in the Dallas MSA, filed on Friday with the SEC to raise up to $40 million in an initial public offering.

Veritex's initial filing arrives less than one month after another Texas-based bank, Green Bancorp ( GNBC ), went public and became the best-performing bank IPO so far this year.

The Dallas, TX-based company, which was founded in 2009 and booked $23 million in net interest income for the 12 months ended June 30, 2014, plans to list on the NASDAQ under the symbol VBTX. Veritex Holdings initially filed confidentially on July 22, 2014. Sandler O'Neill and Stephens are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Texas bank Veritex Holdings files for a $40 million IPO 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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