[quote]First NBC Bank Holding Company, a full-service bank operating more than 30 branches in the New Orleans metropolitan area, announced terms for its IPO on Tuesday. The New Orleans, LA-based company plans to raise $100 million by offering 4.2 million shares at a price range of $22 to $26.
At the midpoint of the proposed range, First NBC Bank Holding Company would command a fully diluted market value of $426 million. First NBC Bank Holding Company, which was founded in 2006 and booked $120 million in revenue for the 12 months ended 12/31/2012, plans to list on the NASDAQ and announced its ticker would be NBCB. Sandler O'Neill and Keefe Bruyette Woods are the joint bookrunners on the deal.
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Is this a buy??