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HBT Financial prices its IPO

|About: HBT Financial, Inc. (HBT)|By:, SA News Editor

HBT Financial (HBT) prices its IPO of 8.3M common shares at $16/share.

Underwriters have an option to purchase additional 1.245M shares.

Trading commences tomorrow.

Closing date is October 16, 2019.

Net proceeds of ~$121.3M, or ~$139.8M if the underwriters exercise their option together with dividend payments from Heartland Bank and Lincoln Bank will be used to fund a $170M distribution to its existing stockholders.

Source: Press Release

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