Esquire Financial Holdings (ESQ) IPO Opens 14% Higher

Today's IPO for Esquire Financial Holdings (NASDAQ: ESQ) opened for trading at $15.90 after pricing 2,363,873 shares of its common stock at a public offering price of $14.00 per share. Esquire is offering 1,800,000 shares and the selling stockholders are offering 563,873 shares of Esquire's common stock.

In addition, Esquire has granted the underwriter a 30-day option to purchase up to 354,580 additional shares of common stock from Esquire at the public offering price.

Sandler O'Neill+ Partners, L.P. is acting as sole book-running manager for the offering.

Esquire Financial Holdings, Inc. is a bank holding company headquartered in Jericho, New York, with an additional branch office in Garden City, New York and an administrative office in Palm Beach Gardens, Florida. At March 31, 2017, Esquire had approximately $438.1 million in assets. Its wholly-owned subsidiary, Esquire Bank, National Association, is a full service commercial bank dedicated to serving the financial needs of the legal industry and small businesses nationally, as well as commercial and retail customers in the New York metropolitan area.

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