Hoyne Bancorp jumps in Nasdaq debut after mutual-bank conversion

Hoyne Bancorp

04/12/2025 16:29

** U.S. lender Hoyne Bancorp HYNE.O jumps as much as 36.4% in Nasdaq debut

** Stock opens at $13.35 apiece vs $10 offer price; last up 34.2% at $13.42

** HYNE sold 7.94 million shares for gross proceeds of $79.4 million in its stock offering

** HYNE's listing is aimed at transitioning the lender from a depositor-owned mutual bank to a shareholder-owned traditional bank

** Established in 1887, HYNE is an Illinois-chartered stock savings bank, with total assets of $453.4 million as of June 30

** Keefe, Bruyette & Woods acted as selling agent for the stock offering

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com))