trending Market Intelligence /marketintelligence/en/news-insights/trending/UwiuObPGuvijF9m80qbs-Q2 content esgSubNav
In This List

Live Oak Bancshares prices common stock offering

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition


Live Oak Bancshares prices common stock offering

Wilmington, N.C.-based Live Oak Bancshares Inc. priced its offering of 4.5 million voting common shares at $23.00 each.

Net proceeds are estimated at $98.3 million. If underwriters exercise their overallotment option — 675,000 shares — in full, another $14.8 million may be added to that amount.

The offering is expected to close on or about Aug. 14.