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NYC's Metropolitan Bank prices IPO at $35, above the range

November 7, 2017
MCB

Metropolitan Bank Holding, a commercial bank with five branches in the New York MSA, raised $109 million by offering 3.1 million shares at $35, above the range of $31 to $34. Metropolitan Bank Holding plans to list on the NYSE under the symbol MCB. J.P. Morgan and Keefe Bruyette Woods acted as lead managers on the deal.