Chicago bank, large investors plan $120 million IPO | American Banker

This post was originally published on this site


Byline Bancorp in Chicago is planning to raise up to $79 million by going public.

The $2.6 billion-asset company has filed a prospectus to sell about 3.8 million shares of common stock as part of its initial public offering. A pair of investors plans to sell nearly 2 million shares with expected proceeds of $40 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.