First Republic Bank Announces Common Stock Offering
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First Republic Bank (FRC) Prices Larger 3.5M Share Stock Offering for Proceeds of ~$287M
November 15, 2016 9:01 AM ESTFirst Republic Bank (NYSE: FRC) announced the pricing of an underwritten public offering of 3,500,000 shares of its common stock for expected gross proceeds of approximately $287.0 million before underwriting discounts and commissions and estimated offering expenses. First Republic has also granted the underwriters a 30-day option to purchase up to an additional 525,000 shares from First Republic. BofA Merrill Lynch, J.P. Morgan, Morgan Stanley and UBS Investment Bank are serving as joint bookrunning... More
