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FB Financial Corp. launches secondary offering

FB Financial Corp. announced an underwritten secondary public offering of 3.2 million shares of its common stock, all of which will be sold by James Ayers.

In addition, the selling stockholder is likely to grant the underwriters a 30-day option to buy up to an additional 480,000 shares to cover any overallotments at the public offering price, minus the underwriting discount.

Nashville, Tenn.-based FB Financial will not receive any proceeds from the offering.

J.P. Morgan and Stephens Inc. are acting as joint book-running managers and as underwriters of the offering.