Baird and Sterne Agee are the bookrunners; proceeds will fund growth
By Devika Patel
Knoxville, Tenn., Jan. 16 – County Bancorp, Inc. priced its $18.59 million initial public offering of stock with a $2.79 million greenshoe, according to a prospectus filed Friday with the Securities and Exchange Commission. The deal was announced Nov. 10 and includes a $2.3 million secondary sale of stock.
The company will sell 1.18 million common shares at $15.75 apiece. Of the shares, 1,033,750 are being sold in the primary sale and 146,250 shares are being sold in the secondary sale.
Robert W. Baird & Co. Inc. and Sterne, Agee & Leach, Inc. are the underwriters.
Settlement is expected Jan. 22.
Proceeds will be used to support growth and expansion.
The bank holding company is based in Manitowoc, Wisc. The company intends to list its common stock on the Nasdaq stock exchange under the symbol “ICBK.”
Issuer: | County Bancorp, Inc.
|
Issue: | Common stock
|
Amount: | $18,585,000
|
Greenshoe: | $2,787,750
|
Shares: | 1.18 million
|
Price: | $15.75
|
Warrants: | No
|
Underwriters: | Robert W. Baird & Co. Inc. and Sterne, Agee & Leach, Inc.
|
Announcement date: | Nov. 10
|
Pricing date: | Jan. 16
|
Settlement date: | Jan. 22
|
Stock exchange: | Nasdaq: ICBK
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.