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First Hawaiian files for secondary public offering

Honolulu-based First Hawaiian Inc. has filed a registration statement for a secondary public offering of shares of its common stock.

The proposed aggregate maximum offering price is $100 million, which was estimated solely to calculate the registration fee, according to a registration statement.

According to a Jan. 24 news release, all of the shares in the offering will be sold by San Francisco-based BancWest Corp., which has not yet determined the number of shares to be offered. First Hawaiian was spun off from BancWest parent BNP Paribas SA in 2016.

Goldman Sachs & Co., Merrill Lynch Pierce Fenner & Smith Inc., J.P. Morgan Securities LLC and BNP Paribas Securities Corp. are joint book-running managers.

The timing of the offering remains subject to market conditions.