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Commercial Bancgroup completed its IPO on Oct. 3, raising $172M, with shares trading on Nasdaq under "CBK."
Commercial Bancgroup, Inc., parent company of Commercial Bank, completed its IPO on October 3, 2025, raising over $172 million by selling 7.17 million shares at $24.00 each.
The company received $30.6 million in net proceeds from its own share sale, which it plans to use to repay debt, redeem subordinated debentures and trust preferred securities, and for general corporate purposes.
Existing shareholders sold the remaining shares, with Commercial receiving no proceeds from those sales.
The stock began trading on the Nasdaq Capital Market on October 2 under the ticker symbol "CBK."
The underwriters have a 30-day option to buy additional shares.
The offering was registered with the SEC, which approved the filing on September 30, 2025.
Commercial Bancgroup completó su IPO el 3 de octubre, recaudando $ 172M, con acciones que cotizan en Nasdaq bajo "CBK".