CapStar Financial Holdings, a Tennessee bank with seven locations and $1.3 billion in assets, announced terms for its IPO on Wednesday.
The Nashville, TN-based company plans to raise $40 million by offering 2.6 million shares (50% insider) at a price range of $14.50 to $16.50. At the midpoint of the proposed range, CapStar Financial Holdings would command a fully diluted market value of $189 million.
CapStar Financial Holdings was founded in 2007 and booked $46 million in sales for the 12 months ended June 30, 2016. It plans to list on the Nasdaq under the symbol CSTR. Keefe Bruyette Woods and Sandler O'Neill are the joint bookrunners on the deal. It is expected to price during the week of September 19, 2016.
