CBTX, Inc. Announces Pricing of Initial Public Offering
CBTX, Inc. (CBTX)
Last cbtx, inc. earnings: 4/30 06:00 am
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US:NASDAQ Investor Relations:
ir.cbtxinc.com/investor-relations
Company Research
Source: GlobeNewswire
HOUSTON, Nov. 07, 2017 (GLOBE NEWSWIRE) -- CBTX, Inc. (“CBTX”) today announced the pricing of the initial public offering of 2,400,000 shares of its common stock at a public offering price of $26.00 per share. CBTX has also granted the underwriters a 30-day option to purchase up to an additional 360,000 shares of its common stock. CBTX’s common stock is expected to begin trading on the NASDAQ Global Select Market under the trading symbol “CBTX” on November 8, 2017. CBTX intends to use the net proceeds from the offering to support its organic growth and for general corporate purposes, including maintenance of its required regulatory capital, and potential future acquisition opportunities. Stephens Inc. and Keefe, Bruyette & Woods, a Stifel Company are acting as joint book-running managers for the offering. Sandler O’Neill + Partners, L.P. is acting as co-manager. The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the of
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