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Amalgamated Bank closes IPO

Amalgamated Bank closed its IPO of 7,726,538 class A common shares at a public offering price of $15.50 apiece.

The shares include the full exercise of the underwriters' option to buy an additional 1,007,809 shares.

Amalgamated did not receive any proceeds from the offering.

Barclays, J.P. Morgan and Keefe Bruyette & Woods served as joint book-running managers. Piper Jaffray & Co., Raymond James & Associates Inc., and Sandler O'Neill & Partners LP served as co-managers.