IPOsBy The Online Investor Staff, updated Sun., Jan. 20, 9:04 AM
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Slide #1. Mercantil Bank Holding Corporation — Initial Public Offering
Mercantil Bank Holding Corporation
Price Per Share:
Mercantil Bank Holding Corporation (NASDAQ: AMTB and AMTBB) (the "Company") announced today the pricing 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 being sold in the offering, the Company is selling 1,377,523 Class A shares (the "primary offering") and a selling shareholder is selling 4,922,477 Class A shares. The closing of the offering is expected to occur on December 21, 2018, subject to the satisfaction of customary closing conditions. In addition, the Company 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.