IPOs
By The Online Investor Staff, updated Tue., Oct. 15, 10:42 PM
| This Slide: #3 of 15 |
Slide #3. MetroCity Bankshares, Inc. — Initial Public Offering
Company:
MetroCity Bankshares, Inc.
Proposed Symbol:
MCBS
Shares Offered:
1,939,000
Price Per Share:
$13.50
Over-Allotment:
290,850
Description:
MetroCity Bankshares, Inc. ("MetroCity"), the bank holding company for Metro City Bank, announced today the pricing of its initial public offering of 1,939,000 shares of common stock at a price to the public of $13.50 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on October 3, 2019 under the ticker symbol "MCBS." MetroCity is offering 1,000,000 of the shares and the selling shareholders are offering 939,000 of the shares. The offering is expected to close on October 7, 2019, subject to the satisfaction of customary closing conditions. In addition, MetroCity has granted the underwriters a 30-day option to purchase up to 290,850 additional shares of MetroCity common stock at the initial public offering price, less underwriting discounts.
