Community banking firm LINKBANCORP launches IPO
ismagilov
- LINKBANCORP (OTCPK:LNKB) has launched an initial public offering of 4,575,000 shares of its common stock.
- The shares are likely to be issued at a price of $8.00 - $9.50 per share.
- Underwriters have a 30-day option to purchase up to an additional 686,250 shares of common stock. The common stock is expected to trade on the Nasdaq Capital Market under the symbol "LNKB."
- Net proceeds from the offering will support the company's growth strategy, including providing capital to The Gratz Bank to support growth of its operations.