First HawaiianInc., the holding company of First Hawaiian Bank, filed a registration statementrelated to its initial publicoffering. It has applied to list its common stock onthe Nasdaq Global Select Market under the symbol FHB.
According to a TheWall Street Journal article in April,Paris-based BNP ParibasSA planned to launch an IPO of its subsidiary, Honolulu-based FirstHawaiian Bank, as early as June.
The net proceeds from the offering will go to a subsidiaryof BNP Paribas, which is the selling shareholder in connection with thetransaction. The filing did not disclose the number of shares or the pricing ofthe offering.
The filing listed Goldman Sachs & Co., Merrill LynchPierce Fenner & Smith Inc. and BNP Paribas Securities Corp. as global jointcoordinators; Barclays Capital Inc., Credit Suisse Securities (USA) LLC,Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Citigroup GlobalMarkets Inc., Morgan Stanley & Co. LLC, and UBS Securities LLC as jointbook-running managers; and BBVA Securities Inc., Commerz Markets LLC, HSBCSecurities (USA) Inc. , ING Financial Markets LLC, Keefe Bruyette & WoodsInc., Banco Santander SA and Wells Fargo Securities LLC as co-lead managers.