Capital Bancorp (CBNK) IPO Opens Modestly Higher

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Go back to Capital Bancorp (CBNK) IPO Opens Modestly Higher

Capital Bancorp, Inc. Announces Pricing of Initial Public Offering of Common Stock

September 26, 2018 8:12 AM EDT

ROCKVILLE, Md., Sept. 26, 2018 /PRNewswire/ -- Capital Bancorp, Inc. ("Capital" or the "Company"), the bank holding company for Capital Bank, National Association, today announced the pricing of its initial public offering of 2,228,736 shares of its common stock at a public offering price of $12.50 per share.  Of the offered shares, 1,500,000 shares are being offered by Capital and 728,736 shares are being offered by selling shareholders.  Capital has granted the underwriters a 30-day option to purchase up to an additional 334,310 shares of its common stock.  Capital's common stock is expected to begin trading on the Nasdaq Global Select Market under... More