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Archived Headlines
- US IPO Week Ahead: Six IPOs cap off a busy May as US Foods seeks $1 billion 05/20/16
- US IPO Week ahead: Four more IPOs set up May 2016 to be most active month YTD 05/13/16
- Regional bank Midland States Bancorp sets terms for $100 million IPO 05/11/16
- Regional bank Midland States Bancorp files for a $120 million IPO 04/11/16
- Midland States Bancorp withdraws IPO 10/31/11
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Bank IPOs outperform even as broader sector struggles
BNP subsidiary First Hawaiian (FHB) is set to raise $464 million in the largest bank IPO since RBS spin-off Citizens Financial (CFG) in September 2014. With over $19 billion in assets, it is Hawaii’s largest financial institution. In the face of record low interest rates, Brexit uncertainty and regulatory hurdles, Financials is the worst performing...read more
US IPO Weekly Recap: US Foods delivers as five IPOs raise $1.5 billion
Five IPOs raised $1.5 billion as the year's biggest week concluded the year's biggest month of IPO activity - further evidence that the IPO market's rebound is underway. Three were IPOs of profitable LBO'd companies, bringing the 2016 total up to six. While the tech sector has remained largely absent, high-growth venture-backed software provider Twilio (TWLO)...read more
Midland States prices downsized IPO at $22, the low end of the revised range
Midland States Bancorp, a Midwestern bank with 81 locations and $2.9 billion in assets, raised $80 million by offering 3.6 million shares (16% from insiders) at $22, the low end of the revised range of $22 to $24. The company had originally planned to sell 3.9 million shares at $25 to $27 before lowering the range yesterday. The reduced deal size was a result of a 28% decrease in...read more
Midland States Bancorp decreases proposed IPO range
Midland States Bancorp, a Midwestern bank with 81 locations and $2.9 billion in assets, lowered the proposed range for its upcoming IPO on Monday. The Effingham, IL-based company now plans to raise $89 million by offering 3.872 million shares (21% insider) at a price range of $22-$24, down from the original range of $25-$27. The deal size was increased slightly from 3.865...read more