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National Bank Holdings prices IPO at $19.25, below its anticipated range

September 19, 2012

National Bank Holdings, which operates 101 full-service banking centers primarily in Kansas City and Colorado, raised $138 million by offering 7.2 million shares (100% insider) at $19.25, 8% below the initial range of $20.00 to $22.00. At its offer price the company has a fully diluted market value of approximately $1.0 billion. National Bank Holdings plans to list on the NYSE under the symbol NBHC. Goldman Sachs and Keefe Bruyette Woods acted as joint bookrunners on the deal.