Avidbank Holdings Files for IPO

Dow Jones

Jul 19

By Kelly Cloonan

Avidbank Holdings has filed for an initial public offering.

The company, which owns California-based Avidbank, plans to use a substantial portion of the proceeds from the offering to pursue a balance sheet restructuring, according to a filing with the Securities and Exchange Commission on Friday.

The restructuring could involve a sale of up to $280.2 million in debt securities, which have an unrealized pre-tax loss of up to $64.5 million as of March 31, the company said. The company would reinvest the proceeds from the sale into debt securities at current market yields, it said.

The San Jose, Calif., company would use a portion of the proceeds from the public offering to offset the negative impact on its regulatory capital related to the repositioning, it said.

The company did not disclose an expected number of shares or price for the offering.

The company recorded net income of $21 million in 2024, up from $16.8 million the year prior, it said.

The company intends to have its units listed on Nasdaq under the ticker AVBH.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

July 18, 2025 12:49 ET (16:49 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2552494001"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2552494001\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2552494001?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-19 00:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2552494001","market":"fut","top_or_hot":-1,"title":"Avidbank Holdings Files for IPO","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By <a href=\"https://laohu8.com/S/KELYA\">Kelly</a> Cloonan \n</p>\n<pre>\n \n</pre>\n<p>\n  Avidbank Holdings has filed for an initial public offering. \n</p>\n<p>\n  The company, which owns California-based Avidbank, plans to use a substantial portion of the proceeds from the offering to pursue a balance sheet restructuring, according to a filing with the Securities and Exchange Commission on Friday. \n</p>\n<p>\n  The restructuring could involve a sale of up to $280.2 million in debt securities, which have an unrealized pre-tax loss of up to $64.5 million as of March 31, the company said. The company would reinvest the proceeds from the sale into debt securities at current market yields, it said. \n</p>\n<p>\n  The San Jose, Calif., company would use a portion of the proceeds from the public offering to offset the negative impact on its regulatory capital related to the repositioning, it said. \n</p>\n<p>\n  The company did not disclose an expected number of shares or price for the offering. \n</p>\n<p>\n  The company recorded net income of $21 million in 2024, up from $16.8 million the year prior, it said. \n</p>\n<p>\n  The company intends to have its units listed on <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> under the ticker AVBH. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to <a href=\"https://laohu8.com/S/KELYB\">Kelly</a> Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 18, 2025 12:49 ET (16:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Avidbank Holdings Files for IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAvidbank Holdings Files for IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-19 00:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By <a href=\"https://laohu8.com/S/KELYA\">Kelly</a> Cloonan \n</p>\n<pre>\n \n</pre>\n<p>\n  Avidbank Holdings has filed for an initial public offering. \n</p>\n<p>\n  The company, which owns California-based Avidbank, plans to use a substantial portion of the proceeds from the offering to pursue a balance sheet restructuring, according to a filing with the Securities and Exchange Commission on Friday. \n</p>\n<p>\n  The restructuring could involve a sale of up to $280.2 million in debt securities, which have an unrealized pre-tax loss of up to $64.5 million as of March 31, the company said. The company would reinvest the proceeds from the sale into debt securities at current market yields, it said. \n</p>\n<p>\n  The San Jose, Calif., company would use a portion of the proceeds from the public offering to offset the negative impact on its regulatory capital related to the repositioning, it said. \n</p>\n<p>\n  The company did not disclose an expected number of shares or price for the offering. \n</p>\n<p>\n  The company recorded net income of $21 million in 2024, up from $16.8 million the year prior, it said. \n</p>\n<p>\n  The company intends to have its units listed on <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> under the ticker AVBH. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to <a href=\"https://laohu8.com/S/KELYB\">Kelly</a> Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 18, 2025 12:49 ET (16:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2552494001","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552494001","pubTimestamp":1752857340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Avidbank Holdings has filed for an initial public offering.The company, which owns California-based Avidbank, plans to use a substantial portion of the proceeds from the offering to pursue a balance sheet restructuring, according to a filing with the Securities and Exchange Commission on Friday.The restructuring could involve a sale of up to $280.2 million in debt securities, which have an unrealized pre-tax loss of up to $64.5 million as of March 31, the company said. The company would reinvest the proceeds from the sale into debt securities at current market yields, it said.The San Jose, Calif., company would use a portion of the proceeds from the public offering to offset the negative impact on its regulatory capital related to the repositioning, it said.The company did not disclose an expected number of shares or price for the offering.The company recorded net income of $21 million in 2024, up from $16.8 million the year prior, it said.The company intends to have its units listed o","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","AVBH":"Avidbank Holdings, Inc."},"translate_title":"Avidbank Holdings申请IPO","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AVBH":0.9},"content_text":"By Kelly Cloonan \n\n\n \n\n\n  Avidbank Holdings has filed for an initial public offering. \n\n\n  The company, which owns California-based Avidbank, plans to use a substantial portion of the proceeds from the offering to pursue a balance sheet restructuring, according to a filing with the Securities and Exchange Commission on Friday. \n\n\n  The restructuring could involve a sale of up to $280.2 million in debt securities, which have an unrealized pre-tax loss of up to $64.5 million as of March 31, the company said. The company would reinvest the proceeds from the sale into debt securities at current market yields, it said. \n\n\n  The San Jose, Calif., company would use a portion of the proceeds from the public offering to offset the negative impact on its regulatory capital related to the repositioning, it said. \n\n\n  The company did not disclose an expected number of shares or price for the offering. \n\n\n  The company recorded net income of $21 million in 2024, up from $16.8 million the year prior, it said. \n\n\n  The company intends to have its units listed on Nasdaq under the ticker AVBH. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 18, 2025 12:49 ET (16:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}