How much did NB Bancorp sell in the IPO?

The company sold 40,997,500 shares at $10 apiece in the IPO. NB Bancorp ( NBBK) contributed 1,708,229 shares of common stock and $2M in cash to the Needham Bank Charitable Foundation. The bank converted to a stockholding company structure from a mutual holding company.

What happened to NB Bancorp (nbbk) shares after IPO?

Shares in NB Bancorp ( NASDAQ: NBBK ), the parent of Needham Bank, jumped 40% to $14.00 at its opening trade on Thursday following its initial public offering. The company sold 40,997,500 shares at $10 apiece in the IPO. NB Bancorp ( NBBK) contributed 1,708,229 shares of common stock and $2M in cash to the Needham Bank Charitable Foundation.

Is NB Bancorp a stock holding company?

NEEDHAM, Mass., Dec. 27, 2023 /PRNewswire/ -- NB Bancorp, Inc. (the "Company"), the holding company of Needham Bank, announced today that it has completed its initial public offering in connection with the conversion of NB Financial, MHC from the mutual holding company to the stock holding company form of organization.