Forbright Raises $142.2 Million in Nasdaq IPO
Forbright Inc. completed an initial public offering of 7.9 million Class A shares at $18.00 apiece, bringing in about $142.2 million in gross proceeds. The stock started trading on the Nasdaq Global Select Market under the symbol FRBT. Underwriters have a 30-day option to buy up to 1.185 million additional shares at the IPO price, subject to custom…