WASHINGTON (dpa-AFX) - HomeStreet, Inc., holding company for HomeStreet Bank, said Friday that it has priced its initial public offering of about 1.8 million shares of its common stock, all of which are being sold by HomeStreet at a price to the public of $44 per share, the the midpoint of its expected price range of $43 to $45.
The company has granted the underwriters in the offering the option to purchase up to an additional 272,727 shares of common stock at the initial public offering price to cover over-allotments, if any.
Shares of HomeStreet common stock will trade on the Nasdaq Global Market under the symbol 'HMST.'
HomeStreet shares, which started trading late on Friday, closed Friday's regular trading session at $48.00, up $4.00 or 9.09, bu lost 5 cents in after hours trading.
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