Sandler O'Neill and Keefe, Bruyette & Woods are the joint bookrunners
By Devika Patel
Knoxville, Tenn., May 15 - Bankwell Financial Group, Inc. said it priced its $48.65 million initial public offering of stock. The deal was announced on April 4.
The company will sell 2,702,703 common shares at $18.00 per share.
Sandler O'Neill + Partners, LP and Keefe, Bruyette & Woods are the joint bookrunning managers.
Proceeds will be used for general corporate purposes.
The bank holding company is based in New Canaan, Conn. The company expects its shares will trade on the Nasdaq under the symbol "BWFG."
| Issuer: | Bankwell Financial Group, Inc.
|
| Issue: | Common stock
|
| Amount: | $48,648,654
|
| Shares: | 2,702,703
|
| Price: | $18.00
|
| Warrants: | No
|
| Bookrunners: | Sandler O'Neill + Partners, LP and Keefe, Bruyette & Woods
|
| Announcement date: | April 4
|
| Pricing date: | May 15
|
| Stock exchange: | Nasdaq: BWFG
|
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