American Savings Bank prices upsized IPO at $16 per share
ASBH•Upsized IPO priced and over-allotment exercised
- American Savings Bank closed an upsized IPO of 8,057,240 common shares sold by existing stockholders at $16 per share.
- Underwriters exercised the over-allotment option in full for 1,208,586 additional common shares at $16 per share.
- Common stock trades on the NYSE under the symbol ASBH.
- Proceeds went to the selling stockholders; the bank received none.
