Open Bank. (OPBK) Prices 2M Share IPO at $11/Sh

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Go back to Open Bank. (OPBK) Prices 2M Share IPO at $11/Sh

OP Bancorp Announcing Pricing of Initial Public Offering

March 27, 2018 5:50 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- OP Bancorp today announced the pricing of its initial public offering of 2,000,000 shares of common stock, no par value, at a price to the public of $11.00 per share and a total offering size of $22,000,000. The common stock is expected to begin trading on the Nasdaq Global Market on March 28, 2018 under the symbol OPBK.

The offering is expected to close on or about March 29, 2018, subject to customary closing conditions.

The underwriters have a 30-day option to purchase up to an additional 300,000 shares of common stock at the initial public offering price less the underwriting... More