Bank7 (BSVN) IPO Opens 5% Higher

Today's IPO for Bank7 Corp. (NASDAQ: BSVN) opened for trading at $20 after pricing its upsized initial public offering of 3,400,000 shares of common stock at a price to the public of $19 per share.

Bank7 Corp. is offering 2,900,000 shares of its common stock and certain selling shareholders are offering 500,000 shares of Bank7 Corp. common stock.

In addition, the selling shareholders have granted the underwriters a 30-day option to purchase up to 510,000 additional shares of Bank7 Corp. common stock at the initial public offering price less underwriting discounts.

Keefe, Bruyette & Woods, A Stifel Company and Stephens Inc. are acting as joint book-running managers and Sandler O’Neill + Partners, L.P. is acting as co-manager.

Bank7 Corp. is the bank holding company for Bank7, an Oklahoma chartered bank headquartered in Oklahoma City, Oklahoma, which operates seven full-service branches in Oklahoma, the Dallas/Fort Worth metropolitan area, and Kansas. Bank7 focuses on serving business owners and entrepreneurs by delivering fast, consistent and well-designed banking solutions. As of June 30, 2018, Bank7 Corp. had total assets of $727.6 million, total loans of $589.3 million, total deposits of $641.8 million and total shareholders’ equity of $77.6 million.

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