Baird, Stephens, Keefe, Bruyette & Woods and Sandler O’Neill to assist
By Devika Patel
Knoxville, Tenn., Oct. 14 – Allegiance Bancshares, Inc. said the underwriters for its initial public offering of stock opted to exercise the deal’s $8.19 million greenshoe in full, lifting total proceeds of the offering to $62.79 million. The deal priced for $54.6 million with the greenshoe on Oct. 8.
The company sold 2.99 million common shares at $21.00 apiece. Of the shares, 390,000 were part of the fully exercised greenshoe.
Robert W. Baird & Co. Inc. and Stephens Inc. were the bookrunning managers.
Proceeds will be used for clinical expenses, preclinical studies, working capital and other general corporate purposes.
The holding company for Allegiance Bank is based in Houston. The company has applied to list its stock on the Nasdaq Global Market under the symbol “ABTX.”
| Issuer: | Allegiance Bancshares, Inc.
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| Issue: | Common stock
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| Amount: | $62.79 million, including $8.19 million greenshoe of 390,000 shares
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| Shares: | 2.99 million
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| Price: | $21.00
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| Warrants: | No
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| Bookrunners: | Robert W. Baird & Co. Inc. and Stephens Inc.
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| Co-managers: | Keefe, Bruyette & Woods, Inc. and Sandler O’Neill + Partners, LP
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| Announcement date: | Aug. 24
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| Pricing date: | Oct. 7
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| Settlement date: | Oct. 14
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| Stock exchange: | Nasdaq: ABTX
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