WASHINGTON (dpa-AFX) - Central Bancompany, Inc. (CBCY), on Wednesdatannounced the launch of its initial public offering of 17,778,000 shares of its Class A common stock.
The company expects to grant underwriters a 30-day option to purchase up to an additional 2,666,700 shares at the public offering price, less underwriting discounts.
The IPO price is expected to range between $21.00 and $24.00 per share.
Central Bancompany has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol 'CBC.'
On Tuesday, Central Bancompany closed trading 0.52% lesser at $21.
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