Pacific City Financial prices IPO at $20, the low end of the range

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Pacific City Financial, a California commercial bank primarily serving Korean-American communities, raised $48 million by offering 2.4 million shares at $20, the low end of the range of $20 to $22. Pacific City Financial plans to list on the Nasdaq under the symbol PCB. Keefe Bruyette Woods, Raymond James and Sandler O'Neill acted as lead managers on the deal.

The article Pacific City Financial prices IPO at $20, the low end of the range 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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