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ConnectOne Bancorp Inc Announces Closing Of $44.8 Million Initial Public Offering
ConnectOne Bancorp Inc announced that the closing of its previously announced initial public offering of 1,600,000 shares of common stock at $28.00 per share resulting in aggregate gross proceeds of $44.8 million. The shares issued today do not include up to 240,000 shares which may be purchased by the underwriters within 30 days pursuant to their over allotment option granted by ConnectOne. The net proceeds of the offering, after deducting estimated underwriting discounts and offering expenses, were approximately $41.5 million.Stifel, Nicolaus & Company, Incorporated served as the sole book-running manager for the offering, Keefe, Bruyette & Woods, Inc. served as lead manager and Sandler O'Neill & Partners, L.P. served as co-manager.
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