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Merchants Bancorp completed its initial public offering on NASDAQ on October 27, 2017, pricing at $16.00 a share.
| Ticker | MBIN |
|---|---|
| Exchange | NASDAQ |
| Status | Completed |
| Listing date | October 27, 2017 |
| Offering price | $16.00 |
| Shares offered | 6,250,000 |
| Total raised | $100M |
Merchants Bancorp sold 6,250,000 shares at $16.00 each on NASDAQ. Multiplied out, that is $100 million in gross proceeds, the figure before underwriting discounts and offering expenses, and it agrees with the $100 million total recorded for the deal.
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Source: SEC EDGAR filings for Merchants Bancorp. This page is general information, not investment advice.