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Twin Cities bank Bridgewater Bancshares prices IPO at $11.75, within the range

March 13, 2018
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Bridgewater Bancshares, a Minnesota-based community bank focused on commercial real estate lending, raised $79 million by offering 6.7 million shares (35% insider) at $11.75, at the high end of the $10.50 to $12.50 range. Bridgewater Bancshares plans to list on the Nasdaq under the symbol BWB. Sandler O'Neill and D.A. Davidson acted as lead managers on the deal.