trending Market Intelligence /marketintelligence/en/news-insights/trending/8y99g72u-twy1i5gt6mtrw2 content esgSubNav
In This List

OP Bancorp prices IPO

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.


OP Bancorp prices IPO

OP Bancorp priced its initial public offering of 2.0 million common shares at $11 apiece.

The offering is expected to close on or about March 29.

The underwriters have a 30-day option to buy up to an additional 300,000 common shares at the IPO price less the underwriting discount to cover any overallotments.

The company plans to use the net proceeds to support its organic growth and other general corporate purposes.

OP Bancorp's common stock is expected to begin trading on the Nasdaq Global Market under the symbol OPBK on March 28.

Keefe Bruyette & Woods Inc. is acting as book-running manager and D.A. Davidson & Co. is acting as a co-manager for the offering.

The SEC has declared the registration statement relating to these securities effective March 27.

Los Angeles-based OP Bancorp is the holding company of Open Bank.