TCBX News

It was another busy week for the IPO market as 15 new issuers went public, with Rivian (RIVN) in the spotlight. The pre-revenue electric truck developer became the largest IPO of 2021, raising nearly $12 billion in the largest IPO since Alibaba (NYSE: BABA) in 2014, and popped 29% in its public debut. Rivian Automotive (RIVN) upsized and priced...read more

Third Coast Bancshares, a Texas commercial bank with 12 branches, raised $88 million by offering 3.5 million shares at $25, the midpoint of the $24 to $26 range. The company originally filed to offer 3.0 million shares. At pricing, the company raised 17% more in proceeds than expected. Third Coast Bancshares is a commercially-focused, Texas-based bank holding company operating...read more

The IPO market is expected to stay busy with 11 IPOs schedule to raise $10.2 billion in the week ahead.   Electric truck developer Rivian Automotive (RIVN) plans to raise $8.0 billion at a $57.1 billion market cap. This founder-led company is developing and manufacturing a portfolio of electric adventure-ready consumer and commercial SUVs, vans, and pickup...read more

Third Coast Bancshares, a commercially-focused Texas bank with 12 branches, announced terms for its IPO on Monday. The Humble, TX-based company plans to raise $75 million by offering 3 million shares at a price range of $24 to $26. At the midpoint of the proposed range, Third Coast Bancshares would command a fully diluted market value of $317 million. Third Coast Bancshares is a...read more