BANGALORE (Reuters) - First Republic Bank filed with U.S. regulators on Monday to raise up to $280 million in an initial public offering of common stock.
The San Francisco-based company expects the offering of 11 million shares to be priced between $24-$27 per share.
BofA Merrill Lynch, Morgan Stanley and J.P. Morgan will be joint book-running managers for the IPO, the company said.
As of September 30, the lender and wealth manager had assets that totaled $22.0 billion. Its wealth management assets totaled $17.2 billion.
The company intends to list its common stock on the New York Stock Exchange under the symbol "FRC."
(Reporting by Sweta Singh in Bangalore; Editing by Don Sebastian)