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Oklahoma-based Bank7 prices IPO at $19, within the range

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Bank7, an Oklahoma City-based bank with seven branches in OK, TX and KS, raised $65 million by offering 3.4 million shares at $19, within the range of $18 to $21. Insiders sold 15% of the deal, as expected.

The company priced $0.50 below the midpoint and sold 75,000 more shares than it planned. As a result, the deal size remains unchanged, but its fully diluted market value at IPO is $195 million, down from $200 million.

Bank7 plans to list on the Nasdaq under the symbol BSVN. Keefe Bruyette Woods and Stephens Inc. acted as lead managers on the deal.

The article Oklahoma-based Bank7 prices IPO at $19, within 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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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