Central Bancompany, Inc., a bank holding company for The Central Trust Bank, is set to make its debut on the NASDAQ under the symbol "CBC". The company is offering 17.77 million shares of its Class A common stock. This move comes at a time when regional banks are under increased scrutiny due to concerns about private credit. Central Bancompany successfully raised $373 million in its U.S. initial public offering (IPO), as highlighted by GlobeNewswire.
The shares are priced at $21.00 each, and trading is expected to begin on November 20, 2025. The offering is anticipated to close on November 21, 2025, pending customary conditions. The company has also provided underwriters with a 30-day option to purchase an additional 2.667 million shares at the offering price, minus underwriting discounts. Morgan Stanley and Co. LLC and Keefe, Bruyette and Woods, Inc., a Stifel Company, are leading the offering, with BofA Securities, Piper Sandler and Co., and Stephens Inc. also involved.
Currently, CBC is trading at $22.15, reflecting a 5.48% increase from its IPO price. The stock has seen a low of $22 and a high of $22.70 today, which is also its highest price over the past year. The lowest price in the past year was $15, and the company has a market capitalization of approximately $4.89 billion. The trading volume for CBC is 3,040,630 shares, indicating strong investor interest. This IPO positions Central Bancompany well in the market, especially as regional banks face increased investor scrutiny.
