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CapStar Financial Holdings (CSTR) IPO Opens Up 10%

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CapStar Financial (CSTR) Prices IPO at $15/Share, Middle of Expected Range

September 22, 2016 6:24 AM EDT

CapStar Financial Holdings, Inc. (Nasdaq: CSTR) announced the pricing of the initial public offering of 2,585,000 of its common stock, including 1,300,299 shares to be sold by the Company and 1,284,701 shares to be sold by selling shareholders, at a public offering price of $15.00 per share, which is expected to result in aggregate gross proceeds of approximately $38.8 million. The net proceeds to the Company, after deducting the underwriting discount and estimated offering expenses, are expected to be approximately $16.6 million. The... More