CBTX News

Ten companies raised a combined $1.6 billion in the most active week of the 2017 IPO market. Texas community bank CBTX took the top spot with a 10% pop, which is still below the long term historical average of 13%. The week featured three regional banks, three biotechs, three fast-growing Chinese companies and a communications platform pivoting to growth. First day...read more

CBTX, a commercial bank with locations throughout Southeast Texas, raised $62 million by offering 2.4 million shares at $26, the high end of the range of $24 to $26. CBTX plans to list on the Nasdaq under the symbol CBTX. Stephens Inc. and Keefe Bruyette Woods acted as lead managers on the deal....read more

An active 4Q17 powers ahead with 11 IPOs scheduled to raise $2.0 billion in the coming week. That would make it the IPO market's busiest week of the year. The activity level is unsurprising given the 32 new filings in October, a two-year high. We also expect a number of IPOs to launch this week in order to price before Thanksgiving.  China's recent surge of US IPOs...read more

CBTX, a commercial bank with locations throughout Southeast Texas, announced terms for its IPO on Monday. The Beaumont , TX-based company plans to raise $60 million by offering 2.4 million shares at a price range of $24 to $26. At the midpoint of the proposed range, CBTX would command a fully diluted market value of $619 million. CBTX was founded in 2007 and booked $119...read more