Triumph Bancorp Completes IPO
Triumph Bancorp completed its IPO of 6,700,000 shares of its common stock at a price to the public of $12.00 per share. Sandler O’Neill + Partners, Evercore and Wells Fargo Securities, acted as joint bookrunners for the offering. Keefe Bruyette & Woods and Nomura Securities International acted as co-managers for the offering.
Triumph’s common stock began trading on the NASDAQ Global Select Market on November 7, 2014, under the ticker symbol TBK.
The underwriters have a 30-day option, which commenced November 6, 2014, to purchase up to an additional 1,005,000 shares of common stock from Triumph at the initial public offering price of $12.00 per share, less the underwriting discount to cover over-allotments, if any.