FSBC News

Eight IPOs and four SPACs went public this past week. One IPO postponed, UK-based biotech Gyroscope Therapeutics (VISN), citing market conditions. Filing activity maintained a comfortable pace/remained moderate, with seven IPOs and 10 SPACs submitting initial filings. The week’s best performer, Sacramento bank Five Star Bancorp (FSBC)...read more

Five Star Bancorp, a California bank with seven branches and two loan production offices, raised $105 million by offering 5.3 million shares at $20, the high end of the range of $18 to $20. Sacramento, CA-based Five Star Bank is a state-chartered bank that provides a range of banking products and services to SMBs, professional, and individual clients. As of December 31, 2020,...read more

Updated Monday, 5/3. 10 IPOs are expected to raise a total of $1.4 billion in the first week of May. The lineup is led by Jessica Alba’s highly-anticipated lifestyle brand, The Honest Company (HNST). The largest deal of the week, non-toxic lifestyle brand The Honest Company (HNST) plans to raise $400 million at a $1.6...read more

Five Star Bancorp, a California bank with seven branches and two loan production offices, announced terms for its IPO on Monday. The Rancho Cordova, CA-based company plans to raise $100 million by offering 5.3 million shares at a price range of $18 to $20. At the midpoint of the proposed range, Five Star Bancorp would command a market value of $309 million.  Five Star...read more