FB Financial Corporation (FBK) IPO Opens Up 11%

September 16, 2016 10:04 AM EDT

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Today's IPO for FB Financial Corporation (NYSE: FBK) opened for trading at $21.15 after pricing 5,882,352 shares of common stock at a public offering price of $19.00 per share.

J.P. Morgan, UBS Investment Bank, and Keefe, Bruyette & Woods, Inc., are acting as the joint book-running managers for the offering, and Raymond James, Sandler O’Neill + Partners, L.P., and Stephens Inc. are acting as co-managers.

FB Financial Corporation is a bank holding company headquartered in Nashville, Tennessee. FB Financial operates through its wholly owned banking subsidiary, FirstBank, the third largest Tennessee-headquartered bank, with 45 full-service bank branches across Tennessee, North Alabama and North Georgia, and a national mortgage business with offices across the Southeast. FirstBank serves five of the largest metropolitan markets in Tennessee and has $2.9 billion in total assets.

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Keefe, Bruyette & Woods, UBS, JPMorgan, Raymond James, Stephens Inc., IPO

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