Commercial Bancgroup plans to raise $104 million through an IPO, a rare move for a U.S. bank due to stricter regulations and market conditions. The offering includes 3.7 million shares priced between $25.75 and $27.75, valuing the company at around $366 million. The Tennessee-based bank had total assets of $2.8 billion as of June 30.

Analysts see the 2025 IPO market as an opportunity for issuers, including banks and insurance companies, to gauge investor interest. These sectors are less affected by short-term tariff risks, making them attractive for public listings. Commercial Bancgroup aims to trade on the Nasdaq under the ticker symbol “CBK” post-offering.

Read more at Yahoo Finance: Commercial Bancgroup seeks to raise up to $104 million in rare US bank IPO