US bank QNB set for Nasdaq debut after $45 million share sale
20/08/2026 14:50
BUZZ-US bank QNB set for Nasdaq debut after $45 million share sale ** U.S. bank QNB Corp QNBC.PK set for Nasdaq debut on Thursday after $45 million share sale
** 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)
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US bank QNB rises in Nasdaq debut after $45 million share sale
US bank QNB set for Nasdaq debut after $45 million share sale