Nashville, Tenn.-based FB Financial Corp. priced the underwritten secondary public offering of 3.2 million common shares that will be sold by James Ayers at $41.25 apiece.
The selling stockholder has also granted the underwriters a 30-day option to buy up to 480,000 additional common shares to cover any overallotments, at the public offering price, less the underwriting discount.
The company will not receive any proceeds from the offering, which is expected to close May 25.
J.P. Morgan and Stephens Inc. are acting as joint book-running managers and as underwriters of the offering.
