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C1 Bank sets offering price ahead of going public Thursday

The St. Petersburg-based parent of C1 Bank on Wednesday put a price on its initial public offering that could raise more than $44 million.

C1 Financial, Inc. said it is offering 2,631,579 shares of common stock at $17 per share. Its underwriters have a 30-day option to purchase up to 394,737 additional shares at the public offering price less the underwriting discount. C1's common stock is expected to begin trading on the New York Stock Exchange Thursday under the symbol BNK.

C1 Bank sets offering price ahead of going public Thursday 08/13/14 [Last modified: Wednesday, August 13, 2014 6:47pm]
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