Third Coast Bancshares, Inc.

Third Coast Bancshares, Inc. (TCBX) priced its initial public offering on Nov 9, 2021 at $25.00 per share, within its $24.00–$26.00 range, raising $87.5M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $320.3M. Piper Sandler was lead-left underwriter, joined by Deutsche Bank. Norton Rose Fulbright advised the company and Fenimore Kay Harrison advised the underwriters.

Third Coast Bancshares, Inc. is a Texas-based bank holding company operating mainly in the Greater Houston, Dallas-Fort Worth and Austin-San Antonio markets. It operates through Third Coast Bank, SSB, a Texas state savings bank, and the bank's commercial finance subsidiary.

Status

IPO

Ticker

TCBX

Exchange

Nasdaq Global Select

Priced

Nov 9, 2021

IPO price

$25.00

Price range

$24.00–$26.00

Raised

$87.5M

Market cap at IPO price

$320.3M

First filed

Oct 15, 2021

Underwriters

Piper Sandler and Deutsche Bank

Company counsel

Norton Rose Fulbright

Underwriters' counsel

Fenimore Kay Harrison

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.