Bogota Financial (BSBK) IPO Opens Higher

January 16, 2020 11:15 AM EST

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Today's IPO for Bogota Financial Corp. (NASDAQ: BSBK) opened for trading at $11.40 after pricing 5,657,735 shares of common stock at a price of $10.

Piper Sandler acted as marketing agent for the Company in connection with the stock offering. Luse Gorman, PC acted as legal counsel to the Company and Bogota Savings Bank. Goodwin Procter LLP acted as legal counsel to Piper Sandler.

Bogota Savings Bank has served the banking needs of its customers in northern and central New Jersey since 1893. It operates from two offices located in Bogota and Teaneck, New Jersey. At September 30, 2019, the Bank had total assets of $665.6 million, total deposits of $474.4 million and total equity of $74.1 million.

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