Commercial Bancgroup, Inc.

Commercial Bancgroup, Inc. (CBK) priced its initial public offering on Oct 2, 2025 at $24.00 per share, below its $25.75–$27.75 range, raising $172.2M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $328.8M. Hovde was lead-left underwriter. K&L Gates advised the company and Squire Patton Boggs advised the underwriters.

Commercial Bancgroup, Inc. is a bank holding company whose bank offers deposit services and belongs to the Promontory network. The network lets depositors obtain FDIC insurance on balances above the standard $250,000 limit.

Status

IPO

Ticker

CBK

Exchange

Nasdaq Capital Market

Priced

Oct 2, 2025

IPO price

$24.00

Price range

$25.75–$27.75

Raised

$172.2M

Market cap at IPO price

$328.8M

First filed

Aug 26, 2025

Underwriters

Hovde

Company counsel

K&L Gates

Underwriters' counsel

Squire Patton Boggs

Sector

Financials

Country / state

TN

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