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ConnectOne Bancorp Prices IPO Tuesday, February 12, 2:37 PM ET
ConnectOne Bancorp, formerly known as North Jersey Community Bancorp, announced today it has priced its IPO of 1,600,000 shares of common stock at $28.00 per share. ConnectOne expects to close the offering on February 15, 2013. Stifel, Nicolaus & Company, Incorporated is serving as the sole book-running manager for the offering, Keefe, Bruyette & Woods is serving as a lead manager and Sandler O'Neill & Partners is serving as a co-manager. ConnectOne has granted the underwriters a 30-day option to purchase up to an additional 240,000 shares, representing 15% of the total number of shares to be sold by ConnectOne in the offering, to cover over-allotments, if any.
ConnectOne also announced that its NASDAQ listing application has been approved. ConnectOne's common stock will commence trading tomorrow, February 12, 2013 on the NASDAQ Global Market under the symbol "CNOB."
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