Deal sells 3.2 million common shares with a $12.48 million greenshoe
By Devika Patel
Knoxville, Tenn., April 3 - Independent Bank Group, Inc. priced its $83.2 million initial public offering of stock with a $12.48 million greenshoe in a prospectus filed Wednesday with the Securities and Exchange Commission. The company expects its shares to trade on the Nasdaq under the symbol "IBTX."
The company will sell 3.2 million common shares at $26.00 per share.
Sandler O'Neill + Partners, LP, Evercore Partners and Keefe, Bruyette & Woods are assisting.
Settlement is expected April 8.
Proceeds will be used to support the company's long-term growth by enhancing its capital ratios to permit growth initiatives and future strategic acquisitions and for general working capital and other corporate purposes.
The holding company for Independent Bank is based in McKinney, Texas.
| Issuer: | Independent Bank Group, Inc.
|
| Issue: | Common stock
|
| Amount: | $83.2 million
|
| Greenshoe: | $12.48 million
|
| Shares: | 3.2 million
|
| Price: | $26.00
|
| Warrants: | No
|
| Pricing date: | April 3
|
| Settlement date: | April 8
|
| Stock symbol: | Nasdaq: IBTX
|
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