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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