Cadence Bancorporation begins trading on the New York Stock Exchange under the symbol “CADE” April 13 after pricing its initial public offering at the midpoint of the expected range.
The Houston-based holding company for Cadence Bank priced its IPO of 7.5 million shares at $20 per share for a total offering size of $150 million, according to a release. Earlier this month, the bank announced it planned to price its shares between $19 and $21.
The offering is expected to close April 19, per the…
Houston Biz Journal
Cadence Bank parent prices IPO at midpoint, to begin trading