Chain Bridge Bancorp Inc

Chain Bridge Bancorp Inc (CBNA) priced its initial public offering on Oct 7, 2024 at $22.00 per share, below its $24.00–$26.00 range, raising $40.7M, and listed on NYSE. At the IPO price its market capitalization was about $141.2M. Piper Sandler was lead-left underwriter, joined by Raymond James.

Chain Bridge Bancorp Inc. is a bank holding company operating through its bank. It offers commercial and personal banking services, including deposits, treasury management, payments, loans, mortgages, trust and estate administration, wealth management and asset custody, serving clients nationwide.

Status

IPO

Ticker

CBNA

Exchange

NYSE

Priced

Oct 7, 2024

IPO price

$22.00

Price range

$24.00–$26.00

Raised

$40.7M

Market cap at IPO price

$141.2M

First filed

Sep 13, 2024

Underwriters

Piper Sandler and Raymond James

Sector

Financials

Country / state

VA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.