Central Bancompany in Jefferson City, Mo., could raise up to $430.8 million through its planned initial public offering.
The $19.1 billion-asset company disclosed in a regulatory filing that it plans to sell nearly 17.8 million shares of its common stock. The pricing is expected to range from $21 to $24 a share. The underwriters can sell more shares if there is enough demand.
Net proceeds could be used to support our growth strategy, including potential acquisitions. The company said it currently has no agreements to buy anything.