Ticker LaunchIPO · SPFI
South Plains Financial, Inc.
Formerly SOUTH PLAINS FINANCIAL INC
South Plains Financial, Inc. (SPFI) priced its initial public offering on May 9, 2019 at $17.50 per share, raising $59.1M. At the IPO price its market capitalization was about $305.8M. Stifel was lead-left underwriter. Hunton Andrews Kurth advised the company and Fenimore, Kay, Harrison & Ford advised the underwriters.
South Plains Financial, Inc. is a bank holding company headquartered in Lubbock, Texas. Its subsidiary, City Bank, serves businesses and individuals in West Texas, Dallas-Fort Worth, El Paso, Greater Houston, College Station and eastern New Mexico with commercial and retail banking, insurance, investment, trust and mortgage services.
- Status
- IPO
- Ticker
- SPFI
- Priced
- May 9, 2019
- IPO price
- $17.50
- Raised
- $59.1M
- Market cap at IPO price
- $305.8M
- First filed
- Apr 12, 2019
- Underwriters
- Stifel
- Company counsel
- Hunton Andrews Kurth
- Underwriters' counsel
- Fenimore, Kay, Harrison & Ford
- Sector
- Financials
- Country / state
- TX
Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.
More on this listing for subscribers
- Lock-up period and expiry date
- Shares offered, over-allotment and shares outstanding after the offering
- Analyst notes on the filing
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Filings
- Registration statement (S-1) first filed Apr 12, 2019
- Latest amendment Apr 29, 2019
- Final prospectus (424B4) May 9, 2019
- All filings on EDGAR CIK 1163668
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