Guaranty Bancshares, Inc. (GNTY) IPO Opens 11% Higher
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Guaranty Bancshares, Inc. Announces Pricing of Initial Public Offering of Common Stock
May 8, 2017 5:35 PM EDTMOUNT PLEASANT, Texas--(BUSINESS WIRE)-- Guaranty Bancshares, Inc. (Guaranty), the holding company of Guaranty Bank & Trust, N.A., today announced the pricing of its initial public offering of 2,000,000 shares of common stock at a price to the public of $27.00 per share. Shares of Guarantys common stock are expected to begin trading on Tuesday, May 9, 2017, on the NASDAQ Global Select Market under the ticker symbol GNTY.
Guaranty intends to use its net proceeds from the offering to further implement its expansion strategy and fund organic growth within its banking markets, repay corporate debt, and for general corporate purposes.
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