Welcome to our dedicated page for ASBH news (Ticker: ASBH), a resource for investors and traders seeking the latest updates and insights on ASBH stock.
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American Savings Bank (ASBH) priced an upsized initial public offering of 8,057,240 existing common shares at $16.00 per share on September 15, 2026.
The shares, all sold by current stockholders, will not generate any proceeds for ASB. Selling stockholders granted underwriters a 30-day option to buy up to 1,208,586 additional shares to cover over-allotments. Trading on the New York Stock Exchange is expected to begin on September 16, 2026, under the symbol ASBH, with closing expected on September 17, 2026, subject to customary conditions. Piper Sandler is sole book-running manager, with Keefe, Bruyette & Woods as lead manager and D.A. Davidson & Co. and Stephens as co-managers.