First Hawaiian Sets Price Range For Initial Public Offering

By Caitlin HustonMarketsMarketWatch Pulse

First Hawaiian Inc. , a bank holding company, set a $21 to $23 price range Tuesday for its initial public offering. The company plans to sell 21.1 million shares and has been approved to list on the Nasdaq Global Select Market under the symbol "FHB." The company reported $213.8 million in net income for 2015 and it had $19.1 billion in assets, $11 billion in gross loans and $16.1 billion in deposits as of March 2016. The joint book-running managers include Barclays, Credit Suisse, Deutsche Bank Securities and J.P. Morgan.

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