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OP Bancorp closes IPO

Los Angeles-based OP Bancorp sold 2,300,000 common shares in its IPO, for net proceeds of $22.6 million.

The share count includes the 300,000 shares covered by the underwriters' overallotment option, which was exercised in full.

OP Bancorp's common stock began trading on the Nasdaq Global Market under the symbol OPBK.