Veritex Holdings Prices IPO At $13.00 Per Share

(RTTNews) - Veritex Holdings Inc., the holding company of Veritex Community Bank, a Texas state chartered bank, announced the pricing of its initial public offering of 2.70 million shares of its common stock at $13.00 per share. In a recent filing, the company disclosed that it expected to price the IPO between $12.00 and $14.00 per share.

The underwriters have the option to purchase up to an additional 405,000 shares of common stock from the Company within 30 days. The shares are expected to begin trading on Thursday, October 9, 2014 on the NASDAQ Global Market under the ticker symbol "VBTX."

The company intends to use the net proceeds from the offering to support its continued growth, including organic growth, potential future acquisitions, and general corporate purposes.

Sandler O'Neill + Partners, L.P. and Stephens Inc. are acting as joint lead book-runners and Sterne, Agee & Leach, Inc. is acting as a co-manager for the offering.

Headquartered in Dallas, Texas, Veritex Holdings Inc. is a bank holding company that conducts banking activities through its wholly-owned subsidiary, Veritex Community Bank, with locations throughout the Dallas metropolitan area. Veritex Community Bank is a Texas state chartered bank regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System.