other material
confidence high
sentiment neutral
materiality 0.70
Metropolitan Bank Holding Corp. prices public offering of 2M shares at $75.00, raising ~$150M gross
Metropolitan Bank Holding Corp.
- Priced 2,000,000 shares at $75.00 each; gross proceeds ~$150.0M; net ~$141.0M after discounts and expenses.
- Underwriters granted 30-day option to purchase up to an additional 300,000 shares.
- Offering expected to close September 20, 2021; J.P. Morgan and Keefe Bruyette & Woods are lead managers.
- Proceeds to be used for general corporate purposes including debt repayment, share repurchases, and investments in the Bank.