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Avenue Financial Holdings, Inc. Announces Closing of Initial Public Offering
Posted: 02/13/2015 | Castle Creek

NASHVILLE, Tenn.–(BUSINESS WIRE)–Avenue Financial Holdings, Inc. (Nasdaq: AVNU) (“Avenue Financial” or “the Company”) announced today that it has completed its previously announced initial public offering of 2,500,000 shares of its common stock, including 1,324,265 shares sold by the Company and 1,175,735 shares sold by selling stockholders, at a public offering price of $11.00 per share, resulting in aggregate gross proceeds of $27.5 million. Avenue Financial’s shares began trading on the NASDAQ Global Select Market on Tuesday, February 10, 2015, under the ticker symbol “AVNU.”

Keefe, Bruyette & Woods, Inc. served as sole book-running manager for the offering. Sandler O’Neill & Partners, L.P. and Sterne, Agee & Leach, Inc. were co-managers for the offering.

The underwriters have a 30-day option to purchase up to an additional 375,000 shares of common stock from the Company and selling stockholders to cover over-allotments, if any.

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