Digital bank Forbright has disclosed the terms for its upcoming initial public offering. The company intends to offer 7.9 million shares at a price between $18 and $20 per share, aiming to raise approximately $150 million.

The pricing for the IPO is anticipated to be finalized during the week of June 8, 2026. Based on the midpoint of the proposed price range, the company's fully diluted market valuation would reach roughly $987 million.

Forbright Inc (NASDAQ: FRBT)

Forbright plans to list its shares on the Nasdaq exchange under the ticker symbol "FRBT". The company was founded in 2003 and traces its origins to Congressional Bank.

It operates a modern financial services platform across the United States, with a focus on middle-market commercial lending. Its business also encompasses digital consumer banking, strategic advisory services, and asset management.

For the twelve-month period ending March 31, 2026, the company reported revenue of $334 million.