TBK News

This week saw 8 IPOs raise $1.7 billion. While 5 of the 13 were delayed, the rest averaged 18% return, and all but one ended the week positive. Broader markets continue to rally as the Dow and S&P 500 closed at new record highs and the VIX volatility index slid another 6%. Despite these trends, IPO investors remain discerning: in addition to the postponed offerings, this week's...read more

Triumph Bancorp, a bank with 20 branches in IL, IA and TX and $1.4 billion in assets, raised $80 million by offering 6.7 million shares at $12, below the range of $14 to $16. Triumph Bancorp plans to list on the NASDAQ under the symbol TBK. Triumph Bancorp initially filed confidentially on 8/8/2014. Sandler O'Neill, Evercore Partners and Wells Fargo Securities acted as lead...read more

12 US IPOs are expected to raise $1.7 billion this week. Following three weeks with 5 or fewer initial public offerings, the IPO calendar has quickly built up thanks to a rebound in the broader markets, positive IPO performance and a packed pipeline of deals on file. While the IPO window...read more

Triumph Bancorp, which offers community banking, factoring and lending primarily in the Midwest, announced terms for its IPO on Monday. The Dallas, TX-based company plans to raise $101 million by offering 6.7 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Triumph Bancorp would command a fully diluted market value of $250 million. Triumph...read more