US bank QNB rises in Nasdaq debut after $45 million share sale

QNB

20/08/2026 16:41

Updates
** U.S. bank QNB Corp's QNBC.PK shares rise in Nasdaq debut after $45 million share sale 
** Stock opened at $44.50 apiece vs $42 offer price
** Quakertown, Pennsylvania-based QNBC sold ~1.1 million shares at $42 apiece 
** Proceeds will be used for general purposes, including repositioning bond portfolio, repaying debt, funding new loans and supporting capital ratios
** QNBC, which is uplisting to Nasdaq from OTC Markets, currently operates fourteen branches in Bucks, Lehigh, and Montgomery Counties
** Brean Capital served as lead book-running manager for offering, while Performance Trust Capital Partners acted as joint book-running manager

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))