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California financial services firm First Foundation files for a $58 million IPO

By: Renaissance Capital
Posted: 4/19/2014 12:51:00 AM
Referenced Stocks:

First Foundation, which provides wealth management to high net-worth individuals and commercial banking services to businesses and consumers, filed on Saturday with the SEC to raise up to $58 million in an initial public offering. The Irvine, CA-based company, which was founded in 2006 and booked $58 million in sales for the 12 months ended March 31, 2014, plans to list on the NASDAQ under the symbol FFWM. First Foundation initially filed confidentially on March 19, 2014. Sandler O'Neill and Keefe Bruyette Woods are the joint bookrunners on the deal. No pricing terms were disclosed.