FinWise Bancorp jumps in Nasdaq debut

Finwise Bancorp

19/11/2021 19:07

** FinWise Bancorp  FINW.O  rises 18.8% to $12.47 after
Nasdaq debut earlier in the day
    ** Co among top gainers on the Nasdaq
    ** FINW opened at $12.50, ~19% above IPO price of $10.50
    ** Co sold 3.5 mln shares in IPO, raising about $36.8 mln
 urn:newsml:reuters.com:*:nGNX75Y8P5
    ** Co is the parent of Murray, Utah-based FinWise Bank
    ** Piper Sandler and Stephens Inc were the joint
book-running managers for the offering 

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))