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Amalgamated Bank prices IPO at $15.50, within the range

August 9, 2018
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Amalgamated Bank, a union-owned commercial bank based in New York, raised $104 million by offering 6.7 million shares at $15.50, within the range of $15 to $17. Amalgamated Bank plans to list on the Nasdaq under the symbol AMAL. Barclays, J.P. Morgan and Keefe Bruyette Woods acted as lead managers on the deal.