Amalgamated Bank (AMAL) and Pacific City Financial (PCB), which went public last week, are both small commercial banks, but there the similarities end. Located in New York City, Amalgamated was founded in 1923 by a clothing workers union to bring...read more
The IPO market's very active summer 2018 has wrapped up. This week, four small IPOs got in before the annual August pause. Each priced below the midpoint to raise a combined $307 million. A regional airline, two regional banks, and biotech averaged a 0% return. ...read more
Amalgamated Bank, a union-owned commercial bank based in New York, raised $104 million by offering 6.7 million shares at $15.50, within the range of $15 to $17. Amalgamated Bank plans to list on the Nasdaq under the symbol AMAL. Barclays, J.P. Morgan and...read more
A handful of small IPOs are set to price before the August break, with five raising less than $400 million.
This week's largest deal is regional US carrier Mesa Air Group ($161 million), which operates flights on behalf of American and United. Two regional ...read more
A Tale of Two Bank IPOs
Amalgamated Bank (AMAL) and Pacific City Financial (PCB), which went public last week, are both small commercial banks, but there the similarities end. Located in New York City, Amalgamated was founded in 1923 by a clothing workers union to bring...read more
US IPO Weekly Recap: 4 small IPOs price ahead of August doldrums
The IPO market's very active summer 2018 has wrapped up. This week, four small IPOs got in before the annual August pause. Each priced below the midpoint to raise a combined $307 million. A regional airline, two regional banks, and biotech averaged a 0% return. ...read more
Amalgamated Bank prices IPO at $15.50, within the range
Amalgamated Bank, a union-owned commercial bank based in New York, raised $104 million by offering 6.7 million shares at $15.50, within the range of $15 to $17. Amalgamated Bank plans to list on the Nasdaq under the symbol AMAL. Barclays, J.P. Morgan and...read more
US IPO Week Ahead: 5 IPOs feature regional banks and a regional airline
A handful of small IPOs are set to price before the August break, with five raising less than $400 million. This week's largest deal is regional US carrier Mesa Air Group ($161 million), which operates flights on behalf of American and United. Two regional ...read more