
Needham Bank Raises Half a Million More Than Expected from IPO
Needham Bank raised half a million dollars more in funds than it had intended to raise during its Dec. 28 initial public offering due to healthy demand.
Needham Bank raised half a million dollars more in funds than it had intended to raise during its Dec. 28 initial public offering due to healthy demand.
Needham Bank has secured all required approvals for its initial public offering and its conversion from a mutual bank to a stock bank. The bank’s shares will start trading on the Nasdaq Capital Market on Dec. 28 under the symbol NBBK.
Needham Bank has filed papers with the Securities and Exchange Commission to go public after 131 years as a mutual bank.
WeWork will become a publicly traded company Thursday after a spectacular collapse during its first attempt to do so two years ago.
Airbnb filed preliminary paperwork to sell company stock on Wall Street, undaunted by a global pandemic that has taken some wind out of its short-term rental business.
Take it from a marathon runner: Careful preparation, along with a recognition of the unpredictability of external forces, is essential to both a successful marathon and a successful IPO.
WeWork’s troubled IPO isn’t slowing its expansion in Boston, with plans to lease approximately 87,000 square feet at a downtown tower.
WeWork’s parent company gave investors the most detailed look yet at its finances Wednesday, revealing breakneck growth on the back of massive losses as the office-sharing company prepares for a highly anticipated debut on the stock market.
The parent company of Brockton-based HarborOne Bank is set for a $310.4 million public offering after regulators gave the green light to its second-step conversion, completing its six-year journey from credit union to stock bank.
Amesbury-based Provident Bank is going fully public with a second-step conversion, the second by a Massachusetts bank this year following HarborOne in March.
The rate of consolidation in the banking industry has lately been a cause for concern, as fewer banks typically means reduced access to banking services and small business loans.
The parent company of Rockland Trust announced yesterday that it would acquire the parent company of Hyde Park-based Blue Hills Bank in a deal that will give Rockland the largest deposit share in Massachusetts, the largest branch network and bring the company over $11 billion in assets.