American Savings Bank Raises $129 Million in NYSE IPO

Corporate ActionMacro
โดย PR Newswire·US·Read original
Summary · why it matters

American Savings Bank raised $129 million in its initial public offering and will begin trading on the New York Stock Exchange under the ticker ASBH. The Honolulu-based bank priced more than eight million shares at $16 apiece, a deal that gives it a valuation above $1.03 billion. CEO Ann Teranishi will join NYSE Live to discuss the company's new chapter as a public company. Separately, the startup Evvy raised $40 million in Series B funding; it serves over 100,000 patients and 3,000 practitioners with at-home testing, personalized treatment, and biomarker tracking, and co-founder and CEO Priyanka Jain said fertility is the fastest growing reason patients and doctors are coming to Evvy. The Federal Reserve will announce its interest rate decision at 2 PM ET, with more than 90% of traders expecting a 25 basis point increase, which would be the Fed's first rate change this year and its first rate hike since 2023.

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American Savings Bank, N.A.
ASBH
▲ PositiveCapitalrelevance

American Savings Bank raised $129 million in its NYSE IPO, pricing 8M+ shares at $16 for a valuation above $1.03 billion.

Off-coverage companies 1

EvvyPrivate▲ Positive
Capitalrelevance

Evvy raised $40 million in Series B funding, serving over 100,000 patients and 3,000 practitioners.

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