Bridgewater Bancshares, Inc. Announces Pricing of Initial Public Offering

Bridgewater Bancshares, Inc. Announces Pricing of Initial Public Offering

  • Posted: 03/13/2018
  • Castle Creek

BLOOMINGTON, Minn.–(PRNewswire)–Bridgewater Bancshares, Inc. (“Bridgewater”) announced today the pricing of its initial public offering of shares of its common stock at a public offering price of $11.75 per share. Of the 6,700,000 shares being sold in the offering, Bridgewater is selling 4,374,513 shares, and certain shareholders of Bridgewater are selling 2,325,487 additional shares. The shares are expected to begin trading on March 14, 2018 on the Nasdaq Capital Market under the ticker symbol “BWB.” The closing of the offering is expected to occur on March 16, 2018, subject to the satisfaction of customary closing conditions.

In addition, Bridgewater has granted the underwriters a 30-day option to purchase up to an additional 1,005,000 shares of its common stock at the initial public offering price, less the underwriting discount.

Sandler O’Neill + Partners, L.P. and D.A. Davidson & Co. are acting as joint book-running managers for the proposed offering. The offering is being made solely by means of a prospectus. Copies of the final prospectus related to this offering, when available, may be obtained from: Sandler O’Neill + Partners, L.P., Attention: Syndicate, 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, by emailing syndicate@sandleroneill.com or by calling (866) 805-4128, or D.A. Davidson & Co., Attention: Syndicate, 8 Third Street North, Great Falls, Montana 59401, by calling 1-800-332-5915 or by emailing prospectusrequest@dadco.com.

A registration statement relating to the common stock was declared effective by the Securities and Exchange Commission on March 13, 2018.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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