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Amalgamated Bank Priced, Nasdaq: AMAL

Union-owned commercial bank based in New York.

Industry: Financials

First Day Return: +6.5%

Industry: Financials

Amalgamated Bank is a commercial bank and a chartered trust company headquartered in New York, New York. We were formed in 1923 as Amalgamated Bank of New York by the Amalgamated Clothing Workers of America. We provide a broad range of products and services to a target customer base that wants a financial partner that is socially responsible, values-oriented and committed to creating positive change in the world. These customers include advocacy-based non-profits, social welfare organizations, national and local labor unions, political organizations, foundations, and sustainability focused, socially responsible businesses, and other for-profit companies that seek to balance their profit-making activities with activities that benefit their other stakeholders as well as the members and stakeholders of these commercial customers. As of March 31, 2018, our total assets were $4.2 billion, our total loans, net of deferred fees and allowance were $2.9 billion, our total deposits were $3.3 billion, and our stockholders' equity was $346.6 million. As of March 31, 2018, our trust business held $29.4 billion in assets under custody and $11.6 billion in assets under management.
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IPO Data
IPO File Date 07/19/2018
Offer Price $15.50
Price Range $15.00 - $17.00
Offer Shares (mm) 6.7
Deal Size ($mm) $104
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/08/2018
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $104
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters New York, NY, United States
Founded 1923
Employees at IPO 401
Website www.amalgamatedbank.com

Amalgamated Bank (AMAL) Performance