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Commercial Bancgroup priced its IPO at $24, sold 7.17M shares, and began trading on Nasdaq on Oct. 2, 2025.
Commercial Bancgroup, Inc. priced its upsized IPO at $24.00 per share, selling 7.17 million shares—1.46 million by the company and 5.71 million by shareholders—beginning trading on Nasdaq on October 2, 2025, under ticker CBK.
The company expects to receive $35 million in gross proceeds for debt repayment, redeeming subordinated debentures and trust preferred securities, and general corporate use.
The offering, managed by Hovde Group, LLC, was registered with the SEC and became effective September 30, with closing expected October 3.
Underwriters hold a 30-day option to buy additional shares.
The bank, based in Harrogate, Tennessee, has $2.3 billion in assets as of June 30, 2025.
Commercial Bancgroup fijó el precio de su IPO en $ 24, vendió 7.17 millones de acciones y comenzó a cotizar en Nasdaq el 2 de octubre de 2025.