RUSTON, La.–(GLOBE NEWSWIRE)–Origin Bancorp, Inc. (“Origin”), the financial holding company for Origin Bank, today announced the closing of its initial public offering of its common stock at a public offering price of $34.00 per share. Origin’s common stock began trading on the Nasdaq Global Select Market under the trading symbol “OBNK” on Wednesday, May 9, 2018.
In connection with the initial public offering, on May 9, 2018, the underwriters exercised, in full, their option to purchase additional shares of Origin’s common stock at the public offering price less the underwriting discount. A total of 4,181,602 shares of Origin’s common stock were sold in the initial public offering, of which Origin sold 3,045,426 (including shares sold by the underwriters’ option) and certain selling stockholders sold 1,136,176 shares of Origin common stock.
Stephens Inc. and Raymond James & Associates, Inc. acted as joint bookrunners for the offering. Keefe, Bruyette & Woods, a Stifel Company, and Sandler O’Neill + Partners, L.P. acted as co-managers.