Independent Bank Group, Inc. Announces Completion of Initial Public Offering
09 April 2013 - 2:23AM
Independent Bank Group, Inc. (Nasdaq:IBTX) ("Independent Bank
Group"), the holding company for Independent Bank, a
Texas-chartered commercial bank headquartered in McKinney, Texas,
today announced the closing of its initial public offering of
common stock. Independent Bank Group sold a total of 3,680,000
shares of its common stock to the public (including shares sold
upon the exercise of the underwriters' option to purchase an
additional 480,000 shares) at $26.00 per share. The offering priced
on April 2, 2013.
Total net proceeds from the public offering to Independent Bank
Group were approximately $87 million, after deducting the
underwriters' discount and commissions and estimated offering
expenses. Those proceeds will be used in accordance with the
company's prospectus dated April 2, 2013 relating to such public
offering.
Sandler O'Neill + Partners, L.P. was the book-running manager
for the offering. Evercore Partners and Keefe, Bruyette & Woods
acted as joint book-runners for the offering.
Independent Bank Group, through its wholly owned subsidiary,
Independent Bank, provides a wide range of relationship-driven
commercial banking products and services tailored to meet the needs
of businesses, professionals and individuals. Independent Bank
Group operates 30 banking offices in 26 communities in two market
regions located in the Dallas/Fort Worth metropolitan area and the
greater Austin area. As of December 31, 2012, Independent Bank
Group had total assets of approximately $1.7 billion, total loans
of approximately $1.4 billion and total deposits of approximately
$1.4 billion.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of the securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of such
state or jurisdiction. The offering is being made only by means of
a prospectus relating to the Independent Bank Group initial public
offering, copies of which may be obtained for free by visiting the
Securities and Exchange Commission website at http://www.sec.gov.
Alternatively, a copy of the prospectus may be obtained from:
Sandler O'Neill + Partners, L.P., 1251 Avenue of the Americas, 6th
Floor, New York, NY 10020, Attention: Prospectus Department, or
calling toll-free 1‑866-805-4128 or emailing
syndicate@sandleroneill.com.
CONTACT: Independent Bank Group
Michelle Hickox, 972-562-9004
mhickox@independent-bank.com
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