This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Independent Bank Group, Inc. Announces Pricing Of Initial Public Offering

Stocks in this article: IBTX

MCKINNEY, Texas, April 2, 2013 (GLOBE NEWSWIRE) -- Independent Bank Group, Inc. (Nasdaq:IBTX) (the "Company") announced today that it has priced its initial public offering of 3,200,000 shares of common stock at $26.00 per share.

Shares are expected to begin trading tomorrow, April 3, 2013, on the NASDAQ Global Market under the ticker symbol "IBTX."

The underwriters have a 30-day option to purchase up to an additional 480,000shares from the Company at the initial public offering price less the underwriting discount.

Sandler O'Neill + Partners, L.P. is acting as book-running manager for the offering. Evercore Partners and Keefe, Bruyette & Woods are acting as joint book-runners for the offering.

The offering is being made only by means of a prospectus. Copies of the prospectus relating to the initial public offering may be obtained for free by visiting the Securities and Exchange Commission website at http://www.sec.gov . Alternatively, a copy of the prospectus relating to the initial public offering, when available, may be obtained from: Sandler O'Neill + Partners, L.P., 1251 Avenue of the Americas, 6 th Floor, New York, NY 10020, Attention: Prospectus Department, or calling toll-free 1‑866-805-4128 or emailing syndicate@sandleroneill.com. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on April 2, 2013. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About Independent Bank Group, Inc.

Independent Bank Group is a bank holding company headquartered in McKinney, Texas. Through its wholly owned subsidiary, Independent Bank, the Company provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Independent Bank operates 30 banking offices in 26 communities in two market regions located in the Dallas/Fort Worth metropolitan area and the greater Austin, Texas, area. As of December 31, 2012, the Company had total assets of approximately $1.7 billion, total loans of approximately $1.4 billion and total deposits of approximately $1.4 billion. Visit www.independent-bank.com or call 972-562-9004 for more information.

This press release includes forward-looking statements.  Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that such assumptions will materialize.  Important factors that could cause actual results to differ materially from those in the forward-looking statements herein are enumerated in the registration statement on Form S-1 of the Company as filed with the Securities and Exchange Commission.

CONTACT: Independent Bank Group
         Michelle Hickox, 972-562-9004
         mhickox@independent-bank.com

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs