Avidbank completes IPO of 3M shares at $23, raising ~$62.2M net

Avidbank Holdings, Inc.

Closed IPO of 2,610,000 shares at $23.00/share on August 11, 2025.
Underwriters exercised overallotment in full, buying 391,500 shares at $21.4475.
Total shares sold: 3,001,500; net proceeds after expenses ~$62.2 million.
Piper Sandler and Stephens acted as representatives of the underwriters.
IPO priced at $23.00, with overallotment option exercised within 30 days.

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