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PBNC News

US IPO Weekly Recap: Goldman's LBO postpones

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Goldman's LBO, PSAV, failed to price this week and officially postponed its offering on Friday, reflecting the uncertain environment currently faced by investors.  The IPO market is struggling to build momentum amid market volatility and macroeconomic...read more

Banking on a strong Raleigh: Paragon Commercial prices Nasdaq IPO at $34 midpoint

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Paragon Commercial, a North Carolina commercial bank with three branches and $1.3 billion in assets, raised $25 million by offering 736,000 shares at $34, the midpoint of the $33 to $35 range. The company had been quoted on the OTCQX market, and now plans to...read more

US IPO Week Ahead: Goldman LBO leads the way

PSAV

The week ahead will see three IPOs, led by Goldman LBO PSAV which will be accompanied by two smaller deals that are already OTC listed. IPO activity is still sluggish, but the gradual increase in trailing 90 day IPO returns over the past month...read more

North Carolina bank Paragon Commercial sets terms for $25 million IPO

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Paragon Commercial, a North Carolina commercial bank with $1.3 billion in assets, announced terms for its IPO on Friday. The Raleigh, NC-based company plans to raise $25 million by offering 736,000 shares at a price range of $33 to $35. At the midpoint of...read more