Central Bancompany Launches IPO Of 17.78 Mln Shares

(RTTNews) - Central Bancompany, Inc. (CBCY), on Wednesdatannounced the launch of its initial public offering of 17,778,000 shares of its Class A common stock.

The company expects to grant underwriters a 30-day option to purchase up to an additional 2,666,700 shares at the public offering price, less underwriting discounts.

The IPO price is expected to range between $21.00 and $24.00 per share.

Central Bancompany has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "CBC."

On Tuesday, Central Bancompany closed trading 0.52% lesser at $21.