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Stock impact report

South Plains Financial, Inc. Announces Closing of Initial Public Offering of Common Stock

South Plains Financial, Inc. (SPFI) 
Last south plains financial, inc. earnings: 4/30 04:10 pm Check Earnings Report
Company Research Source: GlobeNewswire
LUBBOCK, Texas, May 13, 2019 (GLOBE NEWSWIRE) -- South Plains, Financial, Inc. (“South Plains” or the “Company”), the bank holding company for City Bank, today announced that it has completed its initial public offering of 3,380,000 shares of its common stock at a price to the public of $17.50 per share, 2,700,000 shares of which were offered by South Plains and 680,000 shares of which were offered by a selling shareholder.  South Plains’ common stock began trading on the NASDAQ Global Select Market on May 9, 2019, under the symbol “SPFI.” The underwriters have a 30-day option, which commenced May 8, 2019, to purchase up to 507,000 additional shares of common stock at the initial public offer price less underwriting discounts to cover over-allotments, if any. Keefe, Bruyette & Woods, A Stifel Company and Sandler O’Neill + Partners, L.P. acted as joint book-running managers.  South Plains was represented by Hunton Andrews Kurth LLP.  The underwriters were represented by Fenimor Show less Read more
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