FIG Has Helped Raise $3.7 Billion In Equity Capital In 112 Offerings To Date
RBB Bancorp (NASDAQ:RBB) has announced the completion of its initial public offering of 3,750,000 shares of common stock at $23.00 per share for a total offering size of $86,250,000.
RBB Bancorp sold 2,857,756 shares, and the selling shareholders sold 892,244 shares of RBB Bancorp’s stock.
The underwriters have a 30-day option to purchase up to an additional 562,500 shares of common stock from RBB Bancorp at the initial public offering price less the underwriting discount. RBB Bancorp intends to contribute $25 million of the net proceeds from this offering to Royal Business Bank, its wholly-owned subsidiary, and to use the remainder for general corporate purposes.
FIG Partners served as co-manager to RBB Bancorp. The FIG team included Greg Gersack, Senior Managing Principal and Co-Head of Investment Banking, and Patrick Nicolini, Senior Vice President.
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Since 2003, FIG has been the trusted advisor to community banks and investors. Year to date 2017, FIG has completed nine equity capital offerings totaling more than $250 million.
To learn more about FIG Partners, visit www.figpartners.com.