First Carolina Financial Services, Inc. (FCBM), announced Thursday the pricing of its initial public offering of 5.5 million shares of common stock at $12.50 per share.
The offering is expected to close on June 22.
The offering is expected to generate gross proceeds of approximately $68.8 million.
The company also granted underwriters a 30-day option to purchase up to an additional 825,000 shares at the IPO price, less underwriting discounts and commissions.
The shares are expected to begin trading on the New York Stock Exchange on June 18 under the ticker symbol "FCBM."
The company intends to use the net proceeds for general corporate purposes, including supporting organic growth, potential acquisitions, refinancing outstanding debt and working capital.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.