Sandler O’Neill and Sterne Agee will assist with sale of common stock
By Devika Patel
Knoxville, Tenn., June 30 – Investar Holding Corp. said it priced its $40.25 million initial public offering of stock with a $6.04 million greenshoe. The deal was announced May 16.
The company will sell 2,875,000 common shares at $14.00 per share.
Settlement is expected July 3.
Sandler O’Neill + Partners, LP is the lead bookrunning manager.
Proceeds will be used to support growth, to bolster capital, for acquisitions, for general working capital and for corporate purposes.
The bank holding company is based in Baton Rouge, La., and intends to list its common stock on the Nasdaq under the symbol “ISTR.”
| Issuer: | Investar Holding Corp.
|
| Issue: | Common stock
|
| Amount: | $40.25 million
|
| Greenshoe: | $6,037,500
|
| Shares: | 2,875,000
|
| Price: | $14.00
|
| Warrants: | No
|
| Bookrunner: | Sandler O’Neill + Partners, LP
|
| Co-lead manager: | Sterne, Agee and Leach, Inc.
|
| Announcement date: | May 16
|
| Pricing date: | June 30
|
| Settlement date: | July 3
|
| Expected listing: | Nasdaq: ISTR
|
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