Byline Bancorp (BY) Announces Launch of IPO

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Byline Bancorp Announces Launch of Initial Public Offering

June 19, 2017 8:00 AM EDT

CHICAGO--(BUSINESS WIRE)-- Byline Bancorp, Inc. (Byline or the Company) today announced the launch of its initial public offering of shares of its common stock. Of the 5,700,000 shares of Bylines common stock to be sold in the offering, Byline is offering 3,775,194 shares and certain selling stockholders are offering 1,924,806 shares. Byline expects to grant the underwriters a 30-day option to purchase up to an additional 855,000 shares of its common stock. The initial public offering price is currently expected to be between $19.00 and $21.00 per share of common stock. Bylines common stock has been approved for listing on the New York Stock... More