NASHVILLE, Tenn., Sept. 27, 2016 /PRNewswire/ -- CapStar Financial
Holdings, Inc. ("CapStar" or the "Company"),
announced today the closing of the initial public offering of
2,972,750 shares of its common stock, including 387,750 shares
purchased by the underwriters pursuant to the full exercise of
their purchase option. The shares were sold at a public
offering price of $15.00 per share,
resulting in aggregate gross proceeds of approximately $44.6 million. The net proceeds to the
Company, after deducting the underwriting discount and estimated
offering expenses, are approximately $22.0
million. The shares began trading on Thursday, September 22, 2016, on the NASDAQ
Global Select Market under the ticker symbol "CSTR."
Keefe, Bruyette & Woods, Inc. and Sandler O'Neill &
Partners, L.P. served as the joint book-running managers for the
offering. Raymond James &
Associates, Inc. and Stephens, Inc. were co-managers for the
offering.
A registration statement relating to these securities was filed
with, and declared effective by, the Securities and Exchange
Commission ("SEC") (File No. 333-213367). This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there by any sale of these securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction. Copies
of the final prospectus relating to the offering may be obtained
from Keefe, Bruyette & Woods, Inc., A Stifel Company, 787
Seventh Avenue, Fourth Floor, New York,
NY 10019, Attention: Equity Capital Markets, or by
calling (800) 966-1559; or from Sandler O'Neill &
Partners, L.P., 1251 Avenue of the Americas, 6th Floor, New
York, NY 10020, Attention:
Syndicate, or by calling (866) 805-4128, or by email at
syndicate@sandleroneill.com.
About CapStar
CapStar Financial Holdings, Inc. is a bank holding company
headquartered in Nashville,
Tennessee, and operates primarily through its wholly owned
subsidiary, CapStar Bank, a Tennessee-chartered state bank.
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SOURCE CapStar Financial Holdings, Inc.