Central Bancompany set for Nasdaq debut after $373 million IPO

Central Bancompany

20/11/2025 15:03

** Missouri-based bank Central Bancompany CBC.O set to begin trading on the Nasdaq on Thursday

** CBC sold 17.8 million shares at the low end of the marketed range of $21 and $24 apiece, raising $373.3 million

** Stock will be released for quotation at 10:10 a.m. ET, according to Nasdaq

** CBC, previously listed on the OTC, has $19.2 billion in assets and operates mainly in Missouri

** Morgan Stanley and Keefe, Bruyette & Woods were joint lead book-running managers for offering

** CBC closes out the November window for the IPO market as the holiday slowdown approaches

** "It is unlikely a company will want to start its roadshow before Thanksgiving, so it's more likely they will start next week, which would still allow pricing and closing before Christmas," said Edward Best, co-chair of the capital markets practice at Willkie Farr & Gallagher

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))