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ConnectOne Bancorp Closes $44.8 Mln IPO

ConnectOne Bancorp, Inc. (CNOB: Quote), the holding company for ConnectOne Bank, on Friday announced the closing of its initial public offering of 1.6 million shares of common stock at $28.00 per share resulting in aggregate gross proceeds of $44.8 million.

The shares issued today do not include up to 240,000 shares which may be purchased by the underwriters within 30 days pursuant to their overallotment option granted by ConnectOne.

The net proceeds of the offering, after deducting estimated underwriting discounts and offering expenses, were about $41.5 million.

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by RTT Staff Writer

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