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RBB Bancorp, a bank focused on Asian immigrants, files for an $83 million IPO

June 29, 2017
RBB.RC

RBB Bancorp, a commercial bank focused on serving first generation Asian immigrants, filed on Thursday with the SEC to raise up to $83 million in an initial public offering.

The San Gabriel, CA-based company was founded in 2008 and booked $68 million in revenue for the 12 months ended March 31, 2017. It plans to list on the Nasdaq but has not disclosed a ticker. RBB Bancorp filed confidentially on May 3, 2017. Sandler O'Neill, Keefe Bruyette Woods and Stephens Inc. are the joint bookrunners on the deal. No pricing terms were disclosed.