First Republic Bank (FRC) Prices 2.25M Share Offering at $157.02/sh
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First Republic Bank Prices Common Stock Offering
August 2, 2022 8:30 AM EDTSAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (First Republic) (NYSE: FRC), a leading private bank and wealth management company, announced today the pricing of an underwritten public offering of 2,250,000 shares of its common stock for expected gross proceeds of approximately $353.3 million before underwriting discounts and commissions and estimated offering expenses. First Republic has also granted the underwriters a 30-day option to purchase up to an additional 337,500 shares from First Republic. BofA Securities, J.P. Morgan, Goldman Sachs & Co. LLC and Morgan Stanley are serving as joint bookrunning managers.
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