Avidbank prices $60M IPO

* Avidbank (OTC:AVBH [https://seekingalpha.com/symbol/AVBH]) has priced its initial public offering [https://seekingalpha.com/pr/20194508-avidbank-holdings-inc-announces-pricing-of-initial-public-offering] at $23.00 per share, offering 2.61 million shares of common stock.
* The shares are expected to begin trading on the Nasdaq Global Select Market on August 8, 2025, under the ticker symbol "AVBH". The IPO is expected to close on August 11, 2025, pending standard closing conditions.
* The company has also granted underwriters a 30-day option to purchase up to 391,500 additional shares at the IPO price, excluding discounts and commissions.
* Proceeds from the offering will be used to strengthen the capital of Avidbank, support organic growth, expand lending, improve regulatory capital, potentially restructure its securities portfolio, and for general corporate purposes.

MORE ON AVIDBANK HOLDINGS

* Seeking Alpha’s Quant Rating on Avidbank Holdings [https://seekingalpha.com/symbol/AVBH/ratings/quant-ratings]
* Historical earnings data for Avidbank Holdings [https://seekingalpha.com/symbol/AVBH/earnings]
* Financial information for Avidbank Holdings [https://seekingalpha.com/symbol/AVBH/income-statement]