Cadence Bancorp. To Offer 7.5 Million Shares In IPO Priced At $19. To $21 a Share

By Ciara Linnane Markets MarketWatch Pulse

Cadence Bancorp. on Monday set the terms for its planned initial public offering, saying it will offer 7.5 million shares priced at $19 to $21 a pop. The company is filing as an emerging growth company under the 2012 JOBS Act. Goldman Sachs and J.P. Morgan are lead underwriters on the deal, with Sandler O'Neill, Keefe Bruyette & Woods, Baird, Raymond James, Stephens Inc., SunTrust Robinson Humphrey, Tudor, Pickering, Holt & co. acting as joint leads. The bank is planning to lest on the New York Stock Exchange under the ticker symbol "CADE".

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