First Carolina in N.C. aims to raise $83 million from upcoming IPO
First Carolina Financial Services in Raleigh, N.C., aims to raise $82.5 million from its planned initial public offering.
The $3.4 billion-asset company disclosed in its prospectus that it plans to sell 5.5 million shares of common stock at a price range of $14 to $16 a share.
Net proceeds could be deployed in several ways, including organic growth, acquisitions, refinancing debt, and working capital.