Independent Bank Group, Inc. (IBTX) announced the closing of its initial public offering of common stock. The offering priced on April 2, 2013.
Independent Bank Group said it sold a total of 3.68 million shares of its common stock to the public at $26.00 per share.
The company said that total net proceeds from the public offering were approximately $87 million, after deducting the underwriters' discount and commissions and estimated offering expenses. Those proceeds will be used in accordance with the company's prospectus dated April 2, 2013 relating to such public offering.
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