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Central Bancompany Launches Initial Public Offering Of ~17.8M Common Shares; IPO Price Expected Between $21 To $24/Share
Central Bancompany, Inc. ("Central Bancompany"), the bank holding company for The Central Trust Bank, today announced the launch of its initial public offering of 17,778,000 shares of its Class A common stock. Central Bancompany expects to grant the underwriters a 30-day option to purchase up to an additional 2,666,700 shares of its Class A common stock at the public offering price, less underwriting discounts. The initial public offering price is currently expected to be between $21.00 and $24.00 per share of Class A common stock. Central Bancompany has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol "CBC."


