FCB Financial Holdings Prices IPO Of 7.52 Mln Shares At $22/Shr

(RTTNews) - FCB Financial Holdings, Inc. (FCB) Friday announced an initial public offering of 7.52 million shares of Class A common stock for $22.00 per share. Among the total shares sold, 4.55 million shares are being sold by the company and 2.96 million shares by certain selling stockholders.

The group has provided the underwriters a 30-day option to buy up to an additional 1.12 million shares.

The company expects net proceeds to be nearly $100.2 million. The closing of the offering is expected to occur on August 6.

The company's Class A common stock will trade on the New York Stock Exchange under the symbol "FCB" on August 1, 2014.

Deutsche Bank Securities, J.P. Morgan, BofA Merrill Lynch and UBS Investment Bank are acting as joint book running managers for the offering.