Northpointe Bancshares Inc

Northpointe Bancshares Inc (NPB) priced its initial public offering on Feb 14, 2025 at $14.50 per share, below its $16.00–$18.00 range, raising $151.1M, and listed on NYSE. At the IPO price its market capitalization was about $497.5M. Stifel was lead-left underwriter, joined by Piper Sandler. Alston & Bird advised the company and Squire Patton Boggs advised the underwriters.

Northpointe Bancshares Inc operates mainly through Northpointe Bank, founded in 1999 as a mortgage portfolio lender in Michigan, Ohio and Indiana. It now offers a nationwide mortgage purchase program, residential mortgage loans, digital deposit banking and custodial deposit services.

Status

IPO

Ticker

NPB

Exchange

NYSE

Priced

Feb 14, 2025

IPO price

$14.50

Price range

$16.00–$18.00

Raised

$151.1M

Market cap at IPO price

$497.5M

First filed

Jan 23, 2025

Underwriters

Stifel and Piper Sandler

Company counsel

Alston & Bird

Underwriters' counsel

Squire Patton Boggs

Sector

Financials

Country / state

MI

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