Amalgamated Bank Announces Pricing of Initial Public Offering of Common Stock

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Amalgamated Bank (AMAL) IPO Opens Modestly Higher

August 9, 2018 11:08 AM EDT

Today's IPO for Amalgamated Bank (NASDAQ: AMAL) opened for trading at $16 after pricing 6,718,729 million shares of Class A common stock at a public offering price of $15.50 per share.

The underwriters have also been granted a 30-day option to purchase up to an additional 1,007,809 million shares of Class A common stock.

The shares will begin trading... More