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Philadelphia's Meridian Bank prices $40 million IPO at $17 low end

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Meridian Bank, a commercial bank with 22 locations in the Philadelphia MSA, raised $40 million by offering 2.35 million shares at $17, the low end of the range of $17 to $19. Meridian Bank plans to list on the Nasdaq under the symbol MRBK. Sandler O'Neill acted as a lead manager on the deal.

The article Philadelphia's Meridian Bank prices $40 million IPO at $17 low end 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.


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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