Capital Bancorp (CBNK) IPO Opens Modestly Higher

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Go back to Capital Bancorp (CBNK) IPO Opens Modestly Higher

UPDATE: Capital Bancorp (CBNK) Announces Pricing of IPO of Common Stock at $12.50/Share

September 26, 2018 8:13 AM EDT

(Updated - September 26, 2018 8:14 AM EDT)

(update corrects headline)

Capital Bancorp, Inc. ("Capital" or the "Company"), the bank holding company for Capital Bank, National Association, today announced the pricing of its initial public offering of 2,228,736 shares of its common stock at a public offering price of $12.50 per share. Of the offered shares, 1,500,000 shares are being offered by Capital and 728,736 shares are being offered by selling shareholders. Capital has granted the underwriters a 30-day option to purchase up to an additional... More