RBB Bancorp said Wednesday it has priced its initial public offering at $23 a share. The Los Angeles-based bank sold 3.75 million shares to raise $86.3 million. The stock is expected to start trading later Wednesday on the Nasdaq, under the ticker symbol "RBB". Sandler O'Neill, Keefe Bruyette & Woods, and Stephens Inc. were underwriters on the deal with FIG Partners acting as co-manager.
Copyright © 2017 MarketWatch, Inc.
Continue Reading Below