NASHVILLE, Tenn., Sept. 21, 2016 /PRNewswire/ -- CapStar
Financial Holdings, Inc. ("CapStar" or the
"Company"), announced today the pricing of the initial
public offering of 2,585,000 of its common stock, including
1,300,299 shares to be sold by the Company and 1,284,701 shares to
be sold by selling shareholders, at a public offering price of
$15.00 per share, which is expected
to result in aggregate gross proceeds of approximately $38.8 million. The net proceeds to the
Company, after deducting the underwriting discount and estimated
offering expenses, are expected to be approximately $16.6 million. The underwriters have the
option to purchase up to an additional 387,750 shares of common
stock from the Company within the next 30 days. The shares
are expected to begin 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. are acting as the joint book-running managers for
the offering. Raymond James
& Associates, Inc. and Stephens, Inc. are acting as co-managers
for the offering.
A registration statement relating to these securities has been
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. The
offering is being made only by means of the written prospectus
forming part of the effective registration statement. Copies
of the final prospectus relating to the offering may be obtained,
when available, 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.
Forward-Looking Statements
This press release includes "forward-looking statements,"
including with respect to the proposed initial public offering.
Forward-looking statements are subject to many risks and
uncertainties, including, but not limited to, economic conditions
(including interest rate environment, government economic and
monetary policies, the strength of global financial markets and
inflation and deflation) that impact the financial services
industry as a whole and/or our business and other risks detailed in
"Cautionary Note Regarding Forward-Looking Statements," "Risk
Factors" and other sections of the registration statement. We
caution you that the forward-looking statements included in this
press release are not a guarantee of future events, and that actual
events may differ materially from those made in or suggested by the
forward-looking statements. Forward-looking statements are often,
but not always, made through the use of words or phrases such as
"may," "should," "could," "predict," "potential," "believe," "will
likely result," "expect," "continue," "will," "anticipate," "seek,"
"estimate," "intend," "plan," "project," "projection," "forecast,"
"goal," "target," "would," and "outlook," or the negative version
of those words or other comparable words of a future or
forward-looking nature. Any forward-looking statements presented
herein are made only as of the date of this press release, and we
do not undertake any obligation to update or revise any
forward-looking statements to reflect changes in assumptions, the
occurrence of unanticipated events, or otherwise, except as
required by law.
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SOURCE CapStar