Independent Bank Group, Inc. Announces Pricing of Initial Public Offering
April 02 2013 - 6:26PM
Independent Bank Group, Inc. (Nasdaq:IBTX) (the "Company")
announced today that it has priced its initial public offering of
3,200,000 shares of common stock at $26.00 per share.
Shares are expected to begin trading tomorrow, April 3, 2013, on
the NASDAQ Global Market under the ticker symbol "IBTX."
The underwriters have a 30-day option to purchase up to an
additional 480,000shares from the Company at the initial public
offering price less the underwriting discount.
Sandler O'Neill + Partners, L.P. is acting as book-running
manager for the offering. Evercore Partners and Keefe, Bruyette
& Woods are acting as joint book-runners for the offering.
The offering is being made only by means of a prospectus. Copies
of the prospectus relating to the initial public offering may be
obtained for free by visiting the Securities and Exchange
Commission website at http://www.sec.gov. Alternatively, a copy of
the prospectus relating to the initial public offering, when
available, may be obtained from: Sandler O'Neill + Partners, L.P.,
1251 Avenue of the Americas, 6th Floor, New York, NY 10020,
Attention: Prospectus Department, or calling toll-free
1‑866-805-4128 or emailing syndicate@sandleroneill.com. A
registration statement relating to these securities has been filed
with the Securities and Exchange Commission and was declared
effective on April 2, 2013. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of the securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under
the securities laws of such state or jurisdiction.
About Independent Bank Group, Inc.
Independent Bank Group is a bank holding company headquartered
in McKinney, Texas. Through its wholly owned subsidiary,
Independent Bank, the Company provides a wide range of
relationship-driven commercial banking products and services
tailored to meet the needs of businesses, professionals and
individuals. Independent Bank operates 30 banking offices
in 26 communities in two market regions located in the
Dallas/Fort Worth metropolitan area and the greater Austin, Texas,
area. As of December 31, 2012, the Company had total
assets of approximately $1.7 billion, total loans of
approximately $1.4 billion and total deposits of approximately
$1.4 billion. Visit www.independent-bank.com or call
972-562-9004 for more information.
This press release includes forward-looking statements.
Although the Company believes that its expectations are based
on reasonable assumptions, it can give no assurance that such
assumptions will materialize. Important factors that could
cause actual results to differ materially from those in the
forward-looking statements herein are enumerated in the
registration statement on Form S-1 of the Company as filed with the
Securities and Exchange Commission.
CONTACT: Independent Bank Group
Michelle Hickox, 972-562-9004
mhickox@independent-bank.com
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