MCB 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

Metropolitan Bank Holding, a commercial bank with five branches in the New York MSA, raised $109 million by offering 3.1 million shares at $35, above the range of $31 to $34. Metropolitan Bank Holding plans to list on the NYSE under the symbol MCB. J.P. Morgan 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

Metropolitan Bank Holding, a commercial bank with five branches in the New York MSA, announced terms for its IPO on Friday. The New York, NY-based company plans to raise $101 million by offering 3.1 million shares at a price range of $31 to $34. At the midpoint of the proposed range, Metropolitan Bank Holding would command a fully diluted market value of $264 million. ...read more