Continuing the recent trend, four out of five deals priced below the range.
This week, five companies raised $765 million, pricing an average of 19% below their proposed midpoints. All four deals that priced below traded up, popping 10% on average and ending the week up 12%; the one that priced in its range dropped 6% in its first day and ended the week down...read more
Allegiance Bancshares, a commercial bank with 16 locations in Houston and $2 billion in assets, raised $55 million by offering 2.6 million shares at $21, below the range of $22 to $24. Allegiance Bancshares plans to list on the Nasdaq under the symbol ABTX. Baird and Stephens Inc. acted as lead managers on the deal....read more
As many as 11 companies could go public this week, including the year's largest IPO (Digicel) and the fastest-growing company (Pure Storage). Both have proposed market caps of more than $3.5 billion, while six others target valuations of $300 million or less. Last week, there were also 11 IPOs set to price, but ...read more
Allegiance Bancshares, a commercial bank with 16 locations in Houston and $2 billion in assets, announced terms for its IPO on Monday.
The Houston, TX-based company plans to raise $60 million by offering 2.6 million shares at a price range of $22 to $24. At the midpoint of the proposed range, Allegiance Bancshares would command a fully diluted market value of $291 million.
...read more
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US IPO Weekly Recap: Cut the offer price for positive returns
Continuing the recent trend, four out of five deals priced below the range. This week, five companies raised $765 million, pricing an average of 19% below their proposed midpoints. All four deals that priced below traded up, popping 10% on average and ending the week up 12%; the one that priced in its range dropped 6% in its first day and ended the week down...read more
Allegiance Bancshares prices IPO at $21.00, below the range
Allegiance Bancshares, a commercial bank with 16 locations in Houston and $2 billion in assets, raised $55 million by offering 2.6 million shares at $21, below the range of $22 to $24. Allegiance Bancshares plans to list on the Nasdaq under the symbol ABTX. Baird and Stephens Inc. acted as lead managers on the deal....read more
Week ahead: Fourth quarter kicks off with 11 IPOs set for the week of October 5
As many as 11 companies could go public this week, including the year's largest IPO (Digicel) and the fastest-growing company (Pure Storage). Both have proposed market caps of more than $3.5 billion, while six others target valuations of $300 million or less. Last week, there were also 11 IPOs set to price, but ...read more
Roadshow begins for Texas bank: Allegiance Bancshares sets terms for $60 million IPO
Allegiance Bancshares, a commercial bank with 16 locations in Houston and $2 billion in assets, announced terms for its IPO on Monday. The Houston, TX-based company plans to raise $60 million by offering 2.6 million shares at a price range of $22 to $24. At the midpoint of the proposed range, Allegiance Bancshares would command a fully diluted market value of $291 million. ...read more