$217 Million in new capital raised by PrivateBankcorp
PrivateBancorp, Inc. today announced the closure of its previously announced underwritten public offering of 11.6 million shares for $217 million.
The newly issued common stock was issued at $19.25 per share.
The Company also announced that the underwriters partially exercised their over-allotment option and have purchased an additional 266,673 shares of newly issued common stock.
J.P. Morgan Securities Inc. acted as the sole book-running manager.
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