First Carolina Financial Services Prices IPO at $12.50 Per Share

MT Newswires Live

06/18

First Carolina Financial Services (FCBM) has priced its initial public offering at $12.50 per share for 5.5 million shares, the company said late Wednesday.

Underwriters have been granted a 30-day option to purchase up to an additional 825,000 shares.

Net proceeds will be used for general corporate purposes, including growth, acquisitions, debt refinancing, and working capital, the company added.

The shares are expected to begin trading on the New York Stock Exchange under the ticker "FCBM" this Thursday, with the IPO scheduled to close on Monday.

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