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Esquire Financial, a micro-cap specialty bank, prices $33 million IPO at $14, the low end of the range

June 27, 2017
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Esquire Financial Holdings, a commercial bank providing attorney-related loans with over $400 million in assets, raised $33 million by offering 2.4 million shares at $14, the low end of the range of $14 to $16. Insiders had intended to sell 24% of the deal. Esquire Financial Holdings plans to list on the Nasdaq under the symbol ESQ. Sandler O'Neill acted as a lead manager on the deal.