Bankwell Financial Group Inc., a commercial bank based in New Canaan, recently announced an initial public offering of about 2.7 million shares of common stock at a price of $18 per share. The holding company for Bankwell Bank’s IPOÂ is worth about $46.8 million in gross proceeds for the company.
“With the additional capital the IPO provides, it is key to accomplishing our strategic priorities for organic growth and future acquisition opportunities,” said Peyton R. Patterson, president and CEO of Bankwell Financial Group, in a statement. “We are committed to being performance-driven for our clients, communities, employees and shareholders.”
Sandler O’Neill & Partners L.P. and Keefe, Bruyette & Woods Inc. acted as joint book-running managers for the offering.
The IPO for Bankwell will take it from private to public. What exchange will it trade on.
Thanks