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First Hawaiian prices IPO at $23, the high end of the range

August 3, 2016
FHB

First Hawaiian, a Hawaii-based spin-off from BNP with 62 branches and $19 billion in assets, raised $485 million by offering 21.1 million shares at $23, the high end of the range of $21 to $23. First Hawaiian plans to list on the Nasdaq under the symbol FHB. Goldman Sachs, BofA Merrill Lynch, BNP Paribas, Barclays, Credit Suisse, Deutsche Bank, J.P. Morgan, Citi, Morgan Stanley and UBS Investment Bank acted as lead managers on the deal.