IPOs
By The Online Investor Staff, updated Tue., Aug. 14, 10:48 PM
| This Slide: #3 of 15 |
Slide #3. Amalgamated Bank — Initial Public Offering
Company:
Amalgamated Bank
Proposed Symbol:
AMAL
Shares Offered:
6,718,729
Price Per Share:
$15.50
Over-Allotment:
1,007,809
Description:
Amalgamated Bank ("Amalgamated") (Nasdaq: AMAL) today announced the pricing of its initial public offering of 6,718,729 million shares of Class A common stock at a public offering price of $15.50 per share. The underwriters have also been granted a 30-day option to purchase up to an additional 1,007,809 million shares of Class A common stock. All of the shares in the offering are to be sold by the selling stockholders. Amalgamated will not receive any proceeds from the offering. The shares will begin trading on the Nasdaq Global Market under the symbol "AMAL" on August 9, 2018. The offering is expected to close on or about August 13, 2018, subject to customary closing conditions.
