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MSBI News

Bank IPOs outperform even as broader sector struggles

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BNP subsidiary First Hawaiian (FHB) is set to raise $464 million in the largest bank IPO since RBS spin-off Citizens Financial (CFG) in September 2014. With over $19 billion in assets, it is Hawaii’s largest financial institution. ...read more

US IPO Weekly Recap: US Foods delivers as five IPOs raise $1.5 billion

USFD

Five IPOs raised $1.5 billion as the year's biggest week concluded the year's biggest month of IPO activity - further evidence that the IPO market's rebound is underway. Three were IPOs of profitable LBO'd companies, bringing the 2016 total up to six. While the...read more

Midland States prices downsized IPO at $22, the low end of the revised range

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Midland States Bancorp, a Midwestern bank with 81 locations and $2.9 billion in assets, raised $80 million by offering 3.6 million shares (16% from insiders) at $22, the low end of the revised range of $22 to $24. The company had originally planned to sell 3.9...read more

Midland States Bancorp decreases proposed IPO range

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Midland States Bancorp, a Midwestern bank with 81 locations and $2.9 billion in assets, lowered the proposed range for its upcoming IPO on Monday. The Effingham, IL-based company now plans to raise $89 million by offering 3.872 million shares (21% insider)...read more