Live Oak Bancshares, a online lender for small businesses in niche industries across the US, raised $82 million in an upsized IPO by offering 4.8 million shares at $17, the midpoint of the range of $16 to $18. The company originally planned to offer 4.0 million shares. Live Oak Bancshares plans to list on the Nasdaq under the symbol LOB. Live Oak Bancshares initially filed confidentially on 4/3/2015. Sandler O'Neill, Keefe Bruyette Woods and Suntrust Robinson Humphrey acted as lead managers on the deal.
