CFB News

The August lull has set in and we’re in the thick of it, with just two pricings this week and one postponement. The IPO pipeline is starting to fill up, with seven companies submitting initial filings led by The We Company (WE), a signal that the summer slowdown is coming to an end. Chinese online lending platform 9F (JFU) raised $85...read more

CrossFirst Bankshares, a Kansas bank with seven full-service locations across four states, raised $102 million by offering 7 million shares at $14.50, below the range of $15 to $17, to command a fully diluted market value of $758 million. CrossFirst Bankshares plans to list on the Nasdaq under the symbol CFB. Keefe Bruyette Woods, Raymond James and Stephens Inc. acted as lead...read more

A Kansas bank and a Chinese fintech are scheduled for the week ahead, the last crop of offerings before the IPO market's annual August break. CrossFirst Bankshares (CFB) has about $4.6 billion in assets, with seven locations across KS, OK, TX, and MO. While its efficiency ratio and ROE are below peers, the bank has achieved relatively faster growth, and its...read more

CrossFirst Bankshares, a Kansas bank with seven full-service locations across four states, announced terms for its IPO on Monday. The Leawood, KS-based company plans to raise $114 million by offering 7.1 million shares (19% insider) at a price range of $15 to $17. At the midpoint of the proposed range, CrossFirst Bankshares would command a fully diluted market value of $840...read more