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Amerant Closes Initial Public Offering

Mercantil Bank Holding Corp CL B (AMTBB)  More Company Research Source: GlobeNewswire
PDF CORAL GABLES, Fla., Dec. 21, 2018 (GLOBE NEWSWIRE) -- Mercantil Bank Holding Corporation (NASDAQ: AMTB and AMTBB) (the “Company”) announced today the closing of its initial public offering of 6,300,000 shares of its Class A common stock (the “Class A shares”) at a public offering price of $13.00 per share. Of the 6,300,000 Class A shares sold in the offering, the Company sold 1,377,523 Class A shares (the “primary offering”) and a selling shareholder sold 4,922,477 Class A shares. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 945,000 Class A shares at the public offering price, less the underwriting discount, to cover over-allotments. The Company’s Class A shares and shares of its Class B common stock (the “Class B shares”) are listed on the Nasdaq Global Select Market under the trading symbols “AMTB” and “AMTBB,” respectively. The Company will use the net proceeds of the primary offering to repurchase, as soon as possible a [Read more]

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