StreetInsider.com News Articles

American Savings Bank closes upsized IPO at $16 per share

Mon, 21 Sep 2026 16:10:11 -0400

American Savings Bank, N.A. (NYSE: ASBH) announced the closing of its upsized initial public offering of 8,057,240 shares of common stock at $16.00 per share, with underwriters subsequently exercising their full over-allotment option to purchase an additional 1,208,586 shares.

The shares were sold by existing stockholders, and the Hawaii-based bank said it did not receive any proceeds from the offering. The IPO closed on September 17, 2026, with the over-allotment option exercise closing shortly after.

Piper Sandler & Co. served as sole book-running manager for the offering. Keefe, Bruyette & Woods, a Stifel company, acted as lead manager, while D.A. Davidson &

American Savings Bank closes upsized IPO at $16 per share

Mon, 21 Sep 2026 16:10:11 -0400

Piper Sandler & Co. served as sole book-running manager for the offering. Keefe, Bruyette & Woods, a Stifel company, acted as lead manager, while D.A. Davidson &

American Savings Bank Announces Closing of Upsized Initial Public Offering and Full Over-Allotment Option Exercise

Mon, 21 Sep 2026 16:10:00 -0400

HONOLULU--(BUSINESS WIRE)--

American Savings Bank, N.A. (NYSE: ASBH) (“ASB”) announced today the closing of its upsized initial public offering of 8,057,240 shares of its common stock sold by certain of its existing stockholders (the “Selling Stockholders”) on September 17, 2026, and the closing today of the subsequent exercise by the underwriters of their over-allotment option in full to purchase up to an additional 1,208,586 shares, at a price to the public of $16.00 per share. ASB did not receive any proceeds from the sale of the shares by the Selling Stockholders.

ASB’s common stock is listed

American Savings Bank Announces Closing of Upsized Initial Public Offering and Full Over-Allotment Option Exercise

Mon, 21 Sep 2026 16:10:00 -0400

HONOLULU--(BUSINESS WIRE)--

ASB’s common stock is listed

HEI sells ASB shares in IPO, raising $29.5M for Maui settlement

Mon, 21 Sep 2026 06:02:12 -0400

Hawaiian Electric Industries (NYSE: HE) sold approximately 2.0 million shares of American Savings Bank (NYSE: ASBH) on September 16, 2026, as part of ASB's initial public offering, generating $29.5 million in net proceeds after underwriting fees and issuance costs.

The shares sold represented 30% of HEI's 9.9% stake in ASB. Underwriters hold a 30-day option to purchase up to an additional 293,904 shares from HEI, which would generate an additional $4.4 million in net proceeds if fully exercised.

Based on ASB's closing share price of $17.57 on September 18, 2026, HEI's remaining 6.4% stake in ASB is valued at approximately $73.5 million.

HEI sells ASB shares in IPO, raising $29.5M for Maui settlement

Mon, 21 Sep 2026 06:02:12 -0400

Based on ASB's closing share price of $17.57 on September 18, 2026, HEI's remaining 6.4% stake in ASB is valued at approximately $73.5 million.

HEI sells ASB shares in IPO, raising $29.5M for Maui settlement

Mon, 21 Sep 2026 06:02:12 -0400

Based on ASB's closing share price of $17.57 on September 18, 2026, HEI's remaining 6.4% stake in ASB is valued at approximately $73.5 million.

HEI sells ASB shares in IPO, raising $29.5M for Maui settlement

Mon, 21 Sep 2026 06:02:12 -0400

Based on ASB's closing share price of $17.57 on September 18, 2026, HEI's remaining 6.4% stake in ASB is valued at approximately $73.5 million.

American Savings Bank prices IPO at $16 per share on NYSE

Tue, 15 Sep 2026 21:22:15 -0400

American Savings Bank, N.A. announced the pricing of its initial public offering of 8,057,240 shares of common stock at $16.00 per share, according to a press release from the Hawaii-based bank.

The shares are being sold by existing stockholders, and the bank will not receive any proceeds from the offering. The selling stockholders also granted underwriters a 30-day option to purchase up to an additional 1,208,586 shares to cover over-allotments.

The shares are expected to begin trading on the New York Stock Exchange on September 16, 2026, under the ticker symbol NYSE: ASBH. The offering is expected to close on September 17,

American Savings Bank prices IPO at $16 per share on NYSE

Tue, 15 Sep 2026 21:22:15 -0400

American Savings Bank, N.A. announced the pricing of its initial public offering of 8,057,240 shares of common stock at $16.00 per share, according to a press release from the Hawaii-based bank.

The shares are expected to begin trading on the New York Stock Exchange on September 16, 2026, under the ticker symbol NYSE: ASBH. The offering is expected to close on September 17,

American Savings Bank Announces Pricing of Upsized Initial Public Offering

Tue, 15 Sep 2026 21:22:00 -0400

HONOLULU--(BUSINESS WIRE)-- American Savings Bank, N.A. (“ASB”) announced today the pricing of its upsized initial public offering of 8,057,240 shares of its common stock being sold by certain of its existing stockholders (the “Selling Stockholders”) at a price to the public of $16.00 per share. ASB will not receive any proceeds from the sale of the shares by the Selling Stockholders. The Selling Stockholders also granted the underwriters a 30-day option to purchase up to an additional 1,208,586 shares of common stock to cover over-allotments.

The shares of common stock are expected to begin trading on the

American Savings Bank Announces Pricing of Upsized Initial Public Offering

Tue, 15 Sep 2026 21:22:00 -0400

The shares of common stock are expected to begin trading on the