other material
confidence high
sentiment positive
materiality 0.75
LINKBANCORP prices IPO of 4.575M shares at $7.50, raising ~$34.3M gross
LINKBANCORP, Inc.
- Offering of 4,575,000 shares at $7.50/share; gross proceeds ~$34.3 million.
- Net proceeds after underwriting discount and expenses expected ~$31.1 million.
- Underwriters granted 30-day over-allotment option for up to 686,250 additional shares.
- Shares begin trading Sept. 14 on NASDAQ Capital Market under symbol LNKB.
- Joint book-runners: Stephens Inc. and Piper Sandler; co-manager: D.A. Davidson.