logo-loader
Market ReportIPO ROUND-UP

IPO Roundup: Financial institutions from Kansas and China each make their public debut

On Thursday, Kansas-based CrossFirst brought in $102 million, and Chinese lender 9F raised $85 million

Forklift lifting the final wooden block to create the word 'IPO'

CrossFirst Bankshares Inc (NASDAQ:CFB), a Kansas-based chain of banks, raised $102 million offering 7 million shares at $14.50 per share, just below its range of $15 to $17. 

Founded in 2007, CrossFirst Bank operates from seven locations in Kansas, Missouri, Oklahoma and Texas.

The company was formed as the holding company for the bank and was converted to a corporation in 2017. As of March 31, the bank had total assets of $4.3 billion, total loans of $3.3 billion, total deposits of $3.4 billion and total stockholders’ equity of $480.5 million.

Since opening trading at $14.50, shares have ticked up 0.8% to $14.61.

READ: NA Proactive news snapshot

9F Inc (NASDAQ:JPU), a Chinese financial services company, raised $85 million by offering 8.9 million shares at $9.50 per share, the high end of its range of $7.50 to $9.50.

 The Beijing-based company offers a suite of digital financial offerings, including loans and wealth management, which it packages to users in a service known as One Card.

The stock debuted at $10.88 and got as high as $13.60 before cooling off to $10.01.

A previous version of this story incorrectly listed 9F's ticker symbol         

Contact Andrew Kessel at [email protected] 

Follow him on Twitter @andrew_kessel

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Gatling Exploration is well funded and increasing their...

Gatling Exploration (CVE: GTR) President and CEO Nav Dhaliwal sat down with Steve Darling from Proactive Vancouver with news Gatling has increased their drill program to 35,000 metres. Dhaliwal talked about where they are targeting with this new beefed-up program.  Dhaliwal also told...

11 hours, 53 minutes ago

2 min read