Baird, Stephens, Keefe, Bruyette & Woods and Sandler O'Neill to assist
By Devika Patel
Knoxville, Tenn., Oct. 8 – Allegiance Bancshares, Inc. said it priced its $54.6 million initial public offering of stock with an $8.19 million greenshoe on Wednesday.
The company will sell 2.6 million common shares at $21.00 apiece.
Robert W. Baird & Co. Inc. and Stephens Inc. are the bookrunning managers.
Proceeds will be used for clinical expenses, preclinical studies, working capital and other general corporate purposes.
The holding company for Allegiance Bank is based in Houston. The company has applied to list its stock on the Nasdaq Global Market under the symbol “ABTX.”
| Issuer: | Allegiance Bancshares, Inc.
|
| Issue: | Common stock
|
| Amount: | $54.6 million
|
| Greenshoe: | $8.19 million, or 390,000 shares
|
| Shares: | 2.6 million
|
| Price: | $21.00
|
| Warrants: | No
|
| Bookrunners: | Robert W. Baird & Co. Inc. and Stephens Inc.
|
| Co-managers: | Keefe, Bruyette & Woods, Inc. and Sandler O'Neill + Partners, LP
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| Announcement date: | Aug. 24
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| Pricing date: | Oct. 7
|
| Stock exchange: | Nasdaq: ABTX
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