FinWise Bancorp (FINW) IPO Opens 19% Higher

Today's IPO for FinWise Bancorp (NASDAQ: FINW) opened for trading at $12.50 after pricing 3,500,000 shares of its common stock at a public offering price of $10.50 per share.

Piper Sandler & Co. and Stephens Inc. are serving as joint book-running managers for the offering.

FinWise Bancorp is a Utah bank holding company headquartered in Murray, Utah. FinWise operates through its wholly-owned subsidiary, FinWise Bank, a Utah state-chartered non-member bank. FinWise currently operates one full-service banking location in Sandy, Utah and a loan production office in Rockville Centre, New York. FinWise is a nationwide lender to and takes deposits from consumers and small businesses.

You May Also Be Interested In

• OpenAI revenue chief quits after less than a year
• River City Bank prices IPO at $45 per share on Nasdaq
• BOA Acquisition Corp. II raises $143.75M in Nasdaq IPO