Forbright, Inc.

Forbright, Inc. (FRBT) priced its initial public offering on Jun 11, 2026 at $18.00 per share, within its $18.00–$20.00 range, raising $142.2M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $894.4M. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, Barclays and Wells Fargo and others. Skadden, Arps advised the company and Simpson Thacher advised the underwriters.

Forbright, Inc. is a financial services company that lends to businesses and operates on a cloud-native digital platform. The company describes a technology-forward approach aimed at faster innovation, customer acquisition and automated operations.

Status

IPO

Ticker

FRBT

Exchange

Nasdaq Global Select

Priced

Jun 11, 2026

IPO price

$18.00

Price range

$18.00–$20.00

Raised

$142.2M

Market cap at IPO price

$894.4M

First filed

May 15, 2026

Underwriters

Goldman Sachs, J.P. Morgan, Barclays, Wells Fargo, Piper Sandler and Santander

Company counsel

Skadden, Arps

Underwriters' counsel

Simpson Thacher

Sector

Financials

Country / state

MD

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