Central Bancompany completed its $373 million initial public offering on the Nasdaq Global Select Market, valuing the company at $5.26 billion.
Central Bancompany’s IPO was completed amidst the longest U.S. government shutdown in history, which created delays across the IPO market. The IPO also marks the largest U.S. bank IPO in more than eight years, per LSEG. Central Bancompany shares showed a strong first-day performance, jumping 5% in its trading debut on Nasdaq.
The IPO consisted of a sale of 17.8 million shares valued at $21 each and included a 30-day option for the underwriters to purchase additional shares of its common stock.
Central Bancompany’s banking subsidiary, The Central Trust Bank, is a $19.2 billion Missouri state-chartered trust company with banking powers and a Federal Reserve state member bank. It operates more than 156 locations in 79 communities across Missouri, Kansas, Oklahoma, Colorado and Florida.
The S&C team was led by Cathy Clarkin and Jared Fishman and included Ben Rump, Sam Xu and Ryan Lessing.