CBTX Inc. (CBTX) Announces 2.4M Share IPO Between $24-$26/Sh

CBTX, Inc. (NASDAQ: CBTX) today announced the launch of its initial public offering of shares of its common stock. CBTX intends to offer 2,400,000 shares of its common stock. CBTX also expects to grant the underwriters a 30-day option to purchase up to an additional 360,000 shares of its common stock. The initial public offering price is currently expected to be between $24.00 and $26.00 per share. In connection with the initial public offering, CBTX intends to list its common stock on NASDAQ Global Select Market under the trading symbol “CBTX.”

CBTX intends to use the net proceeds from the proposed offering to support its organic growth and for general corporate purposes, including maintenance of its required regulatory capital, and potential future acquisition opportunities.

Stephens Inc. and Keefe, Bruyette & Woods, a Stifel Company are acting as joint book-running managers for the proposed offering. Sandler O’Neill + Partners, L.P. is acting as co-manager.

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