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BayCom prices upsized initial public offering

Published 05/04/2018, 11:05 AM
Updated 05/04/2018, 11:05 AM
© Reuters.  BayCom prices upsized initial public offering
  • BayCom <
  • The shares are expected to begin trading on May 4, on the Nasdaq Global Select Market under the ticker symbol “BCML.”
  • The offering is expected to close on May 8.
  • Underwriters over-allotment is an additional 427,682 shares.
  • The company intends to use the net proceeds of ~$58M to repay a $6M term loan and for general corporate purposes, including to increase capital levels to support further acquisitions and organic growth.
  • FIG Partners, LLC is acting as lead book-running manager with D.A. Davidson & Co. as joint book-running manager for the offering.
  • Previously: California's BayCom files for initial public offering (April 11)
  • Now read: BayCom Corp Files Terms For Million IPO


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