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12.06.26 - 22:12
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Forbright Announces Closing of Initial Public Offering (Business Wire)
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CHEVY CHASE, Md.--(BUSINESS WIRE)--Forbright, Inc. (“Forbright”) today announced the closing of its initial public offering of 7,900,000 shares of its Class A common stock at a public offering price of $18.00 per share for approximately $142.2 million aggregate gross proceeds to Forbright. The shares of Class A common stock began trading on the Nasdaq Global Select Market on June 11, 2026, under the ticker symbol “FRBT.”
In addition, Forbright granted the underwriters a 30-day option to purchase up to an additional 1,185,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions.
Goldman Sachs & Co. LLC and J.P. Morgan acted as joint lead book-running managers for the offering. Barclays acted as active book-running manager. Wells Fargo Securities, LLC, Piper Sandler & Co., TD Securities (USA) LLC and Santander US Capital Markets LLC acted as joint bookrunners. Centerview Partners LLC acted as co-manager.
A registration statement on Form S-1...
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