Bank7, an Oklahoma-based bank with branches in Texas and Kansas, announced terms for its IPO on Monday.
The Oklahoma City, OK-based company plans to raise $65 million by offering 3.3 million shares (15% insider) at a price range of $18 to $21. At the midpoint of the proposed range, Bank7 would command a fully diluted market value of $197 million.
Bank7 was founded in 2004 and booked $39 million in revenue for the 12 months ended June 30, 2018. It plans to list on the Nasdaq under the symbol BSVN. Keefe Bruyette Woods and Stephens Inc. are the joint bookrunners on the deal. It is expected to price during the week of September 17, 2018.
