Bridgewater Bancshares (BWB) IPO Opens 8% Higher

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Bridgewater Bancshares, Inc. Announces Pricing of Initial Public Offering

March 13, 2018 7:04 PM EDT

BLOOMINGTON, Minn., March 13, 2018 /PRNewswire/ -- Bridgewater Bancshares, Inc. ("Bridgewater") announced today the pricing of its initial public offering of shares of its common stock at a public offering price of $11.75 per share. Of the 6,700,000 shares being sold in the offering, Bridgewater is selling 4,374,513 shares, and certain shareholders of Bridgewater are selling 2,325,487 additional shares. The shares are expected to begin trading on March 14, 2018 on the Nasdaq Capital Market under the ticker symbol "BWB." The closing of the offering is expected to occur on March 16, 2018, subject to the satisfaction of customary closing conditions.

In addition, Bridgewater has... More