Avidbank Holdings, Inc. Announces Launch of Initial Public Offering

About this update from Avidbank Holdings, Inc.

[{"type":"text","content":"SAN JOSE, CA / ACCESS Newswire / August 4, 2025 / Avidbank Holdings, Inc. ("Avidbank Holdings" or the "Company"), a California corporation and the bank holding company for Avidbank (the "Bank"), a California state-chartered bank, announced today the launch of its initial public offering of 2,610,000 shares of its common stock.","length":358,"tagName":"p"},{"type":"text","content":"The Company expects to grant the underwriters a 30-day option to purchase up to an additional 391,500 shares of its common stock at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is currently expected to be between $22.00 and $24.00 per share. Avidbank Holdings expects to list its common stock on the Nasdaq Global Select Market under the ticker symbol "AVBH."","length":438,"tagName":"p"},{"type":"text","content":"Avidbank Holdings intends to use the net proceeds from the offering to increase the capital of the Bank to support the Company's organic growth strategies, including expanding its overall market share and lending activities, strengthening regulatory capital, the potential optimization of the balance sheet, which may include repositioning a substantial portion of the available-for-sale securities portfolio, and for working capital and other general corporate purposes.","length":475,"tagName":"p"},{"type":"text","content":"Piper Sandler and Stephens Inc. are Joint Bookrunners for the offering, with D.A. Davidson & Co. acting as Lead Manager and Janney Montgomery Scott LLC as Co-manager. The proposed offering is being made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained from:","length":321,"tagName":"p"},{"type":"text","content":"Piper Sandler & Co., Prospectus DepartmentPhone: (800) 747-3924Email: [email protected]","length":94,"tagName":"p"},{"type":"text","content":"Stephens Inc., Syndicate DepartmentPhone: (800) 643-9691Email: [email protected]","length":88,"tagName":"p"},{"type":"text","content":"A registration statement on Form S-1 (File No. 333-288743) relating to these securities (including a preliminary prospectus) has been filed with the Securities and Exchange Commission (the "SEC") but has not yet become effective. These securities may not b...

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