TriState Capital Holdings Inc. (TSC), the holding company for TriState Capital Bank, Tuesday announced the closing of its initial public offering of 5.7 million shares of common stock.
The company also announced that the underwriters of its initial public offering exercised their full option to purchase an additional 855,000 shares of common stock from TriState Capital at a price of $11.50 per share, less applicable underwriting discounts.
Collectively, a total of 6.55 million shares of TriState Capital common stock were publicly offered and sold in the offering at a price of $11.50 per share, less applicable underwriting discounts.
The common stock, listed on the NASDAQ Global Select Market, began trading on May 9 under the symbol "TSC."
Stephens Inc., Keefe, Bruyette & Woods, A Stifel Company, and Baird are serving as joint bookrunning managers, and Macquarie Capital is serving as co-manager for the offering.
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