FINW News

The IPO market was relatively quiet ahead of the holiday week with seven IPOs raising $1.5 billion. 12 SPACs also priced. Two deals failed to get done: childcare giant KinderCare (KLC) postponed, and Canada-listed Sangoma Technologies (SANG) terminated its proposed US offering. New issuers continued to join the pipeline in preparation for...read more

FinWise Bancorp, a Utah-based digital bank that offers loan and deposit services across the US, raised $37 million by offering 3.5 million shares at $10.50, within the range of $10 to $12. The company offered 0.3 million more shares than anticipated. FinWise Bancorp is a bank holding company that operates through its wholly-owned subsidiary, FinWise Bank, a Utah state-chartered non...read more

FinWise Bancorp, a Utah-based digital bank that offers loan and deposit services across the US, announced terms for its IPO on Tuesday. The Murray, UT-based company plans to raise $35 million by offering 3.2 million shares at a price range of $10 to $12. At the midpoint of the proposed range, FinWise Bancorp would command a fully diluted market value of $138 million. Finwise...read more

FinWise Bancorp, a Utah-based digital bank that offers loan and deposit services across the US, revived its IPO plans on Monday with a blank filing. The company had previously planned to raise $58 million by offering 4.1 million shares (14% secondary) at a price range of $13 to $15, but postponed ahead of pricing in August. In its latest filing, the company also disclosed...read more