UPDATE 1-Central Bancompany valued at $5.26 billion in underwhelming Nasdaq debut

+2.51%

+0.48%

+0.72%

0.00%

+1.16%

Central Bancompany, Inc. CBC	24.55	+2.51%
Dow Jones Industrial Average DJI	46565.74	+0.48%
S&P 500 index SPX	6575.32	+0.72%
CENTRAL BANCOMPANY CBCY	23.75	0.00%
NASDAQ IXIC	21840.95	+1.16%

Adds details throughout

Nov 20 (Reuters) - Central Bancompany CBC.O shares rose 5% in their debut on the Nasdaq on Thursday, giving the U.S. bank a valuation of $5.26 billion.

The company's shares opened at $22.06, above its IPO price of $21 apiece at which it raised $373.33 million by selling around 17.78 million shares. The company marketed the IPO in the price range of between $21 and $24.

Jefferson City, Missouri-based Central Bancompany has total balance sheet assets of $19.2 billion and wealth assets under advice of $15.4 billion, and serves consumers and businesses in Missouri, Kansas, Oklahoma, Colorado and Florida.

Morgan Stanley and Keefe, Bruyette & Woods are the joint lead book-running managers for the offering.

(Reporting by Pritam Biswas in Bengaluru; Editing by Krishna Chandra Eluri)

((Pritam.Biswas@thomsonreuters.com;))

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