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Kansas bank CrossFirst Bankshares prices IPO at $14.50, below the range

August 15, 2019
CFB

CrossFirst Bankshares, a Kansas bank with seven full-service locations across four states, raised $102 million by offering 7 million shares at $14.50, below the range of $15 to $17, to command a fully diluted market value of $758 million.

CrossFirst Bankshares plans to list on the Nasdaq under the symbol CFB. Keefe Bruyette Woods, Raymond James and Stephens Inc. acted as lead managers on the deal.