Great Western Bancorp raises $288 million after pricing IPO at $18, below the range

Great Western Bancorp, an agribusiness-focused Midwestern bank with 162 branches and $9 billion in assets, raised $288 million, 20% less than anticipated, by offering 16 million shares at $18, below the range of $21 to $24. Great Western Bancorp plans to list on the NYSE under the symbol GWB. Deutsche Bank and BofA Merrill Lynch acted as lead managers on the deal.