Corporate News

First NBC Bank Holding Sets IPO Of 4.17 Mln Shares At $24/shr

First NBC Bank Holding Company (NBCB) the holding company for First NBC Bank, Friday announced the pricing of its initial public offering of 4,166,667 shares at $24.00 per share. The stock is expected to begin trading on the NASDAQ Global Select Market on May 10 under the symbol NBCB.

The firm said underwriters have been granted a 30-day option to purchase up to an additional 625 thousand shares from First NBC at the initial public offering price, less the underwriting discount to cover over-allotments, if any. The offering is expected to close on May 15.

by RTTNews Staff Writer

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