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Louisiana bank Red River Bancshares files for a $30 million IPO


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Red River Bancshares, a Louisiana commercial bank with 24 locations across the state, filed on Wednesday with the SEC to raise up to $30 million in an initial public offering.

The Alexandria, LA-based company was founded in 1998 and booked $74 million in revenue for the 12 months ended December 31, 2018. It plans to list on the Nasdaq under the symbol RRBI. Red River Bancshares filed confidentially on November 9, 2018. FIG Partners and Stephens Inc. are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Louisiana bank Red River Bancshares files for a $30 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's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts 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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