trending Market Intelligence /marketintelligence/en/news-insights/trending/UvsHsnvQmJMzF2GupWNXzg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Luther Burbank Corp. prices IPO at $10.75 a share

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


Luther Burbank Corp. prices IPO at $10.75 a share

Luther Burbank Corp. priced its IPO of 12,150,000 common shares at $10.75 apiece, which is expected to result in aggregate gross proceeds of roughly $130.6 million.

The net proceeds to the Santa Rosa, Calif.-based company are expected to be about $120.1 million.

The underwriters have a 30-day option to buy up to an additional 1,822,500 common shares at the initial offering price, which, if exercised in full, would result in additional gross proceeds of about $19.6 million, or net proceeds of roughly $18.3 million.

The shares are expected to start trading on the Nasdaq Global Select Market under the symbol LBC on Dec. 8.

Keefe Bruyette & Woods Inc. and Sandler O'Neill & Partners LP are acting as joint book runners for the offering, with Piper Jaffray & Co. serving as a lead manager and D.A. Davidson & Co. acting as a co-manager.