National Bank Holdings Corp, currently operates a network of 101 full-service banking centers, announced the pricing of initial public offering of 7.150 million shares of Class A common stock at $19.25 per share, below its expected price range. On September 17, the Colorado-based firm said in the filing, that it planned to sell its shares at between $20 and $22 per share.
The company said that all of the shares of common stock to be sold in the offering are being offered by the selling stockholders.
National Bank Holdings' Class A common stock is expected to begin trading on the New York Stock Exchange on September 20, 2012 under the ticker symbol "NBHC."
In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1.07 million shares of common stock.
The company said that it will not receive any proceeds from the sale of shares by the selling stockholders.
The joint book-running managers of the offering are Goldman, Sachs & Co., Keefe, Bruyette & Woods and FBR. Sandler O'Neill + Partners, L.P., Stephens Inc., Sterne Agee and Stifel Nicolaus Weisel are acting as co-managers for this offering.
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by RTT Staff Writer
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