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Avenue Financial Holdings Priced, Nasdaq: AVNU

Commercial bank with five locations in the Nashville MSA and $1 billion in assets.

Industry: Financials

First Day Return: +8.0%

Industry: Financials

Avenue Financial Holdings, Inc. is headquartered in Nashville, Tennessee. We were formed as a single-bank holding company in June 2006 and operate primarily through our subsidiary, Avenue Bank. Our operations are concentrated in the Nashville metropolitan statistical area, or MSA, and provide a range of financial services through our five locations (four of which are retail branches) and a deposit courier service (mobile branch) for select commercial banking clients. Founded by a team of executives and banking professionals having substantial experience with large regional institutions in the middle Tennessee market, our strategy is to serve Nashville’s rapidly growing need for local banking services. In 2007, when we launched our opening advertising campaign, we made a promise to the market that we would not become just “another bank,” and that remains our vision to this day. We strive to build a signature bank for Nashville. Our growth strategy focuses primarily on commercial and private banking. We provide products and services that compete with large, national competitors, but with the personalized attention and nimbleness of a community bank. We believe we provide unparalleled levels of client service through the talent and expertise of our people, the responsiveness of our credit processes, and the efficiency with which we conduct business. This leads to the development of significant, long-term relationships with many of Nashville’s leading individuals and businesses.
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IPO Data
IPO File Date 01/09/2015
Offer Price $11.00
Price Range $11.00 - $13.00
Offer Shares (mm) 2.5
Deal Size ($mm) $28
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/09/2015
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $28
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Nashville, TN, United States
Founded 2006
Employees at IPO 134
Website www.avenuenashville.com

Avenue Financial Holdings (AVNU) Performance