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Paragon Commercial Priced, Nasdaq: PBNC

North Carolina commercial bank with three branches and $1.3 billion in assets.

Industry: Financials

First Day Return: +1.8%

Industry: Financials

We were formed with the goal of filling what we believe is an unmet demand in our markets: delivering the commercial and private banking expertise and professionalism of a large bank with the responsive, personalized service of a community bank. We offer the client experience of a private bank for businesses and individuals through highly talented and experienced employees at carefully selected, professional office locations. Our combination of efficient staffing and a limited number of professional offices helps us drive profitability and create stockholder value, including by operating more efficiently than many of our peer institutions.
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IPO Data
IPO File Date 05/26/2016
Offer Price $34.00
Price Range $33.00 - $35.00
Offer Shares (mm) 0.7
Deal Size ($mm) $25
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/15/2016
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $25
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Raleigh, NC, United States
Founded 1999
Employees at IPO 142
Website www.paragonbank.com

Paragon Commercial (PBNC) Performance