NSTS Bancorp (NSTS) IPO Opens at $12.75 Following Conversion
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E-mailToday's IPO for NSTS Bancorp (NASDAQ: NSTS) opens at $12.75 after pricing sold 5,290,000 shares of common stock, which includes 431,836 shares sold to the North Shore Trust and Savings Employee Stock Ownership Plan, at a price of $10.00 per share.
The offering is in connection with the completion of the conversion of North Shore MHC into the stock holding company form of organization and the related stock offering by the Company.
Vedder Price P.C. acted as legal counsel to NSTS Bancorp, Inc. and the Bank. Keefe, Bruyette & Woods, Inc., A Stifel Company, acted as marketing agent for the Company in connection with the stock offering. Breyer & Associates PC acted as legal counsel to Keefe, Bruyette & Woods, Inc., A Stifel Company.
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