First Carolina Financial Services, Inc. went public at $12.50 a share
It sold 5,500,000 shares on NYSE under the ticker FCBM and raised $68.8 million before costs.
Final prospectus (424B4) filed June 18, 2026
The terms
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Offered
5,500,000 shares
Checked
Source
“We are offering 5,500,000 shares of our common stock, par value $0.50 per share.”
A model read this, and code confirmed the quote appears in the filing. -
Price per share
$12.50
Checked
Source
“Initial public offering price | $12.50 | $68,750,000.00”
A model read this, and code confirmed the quote appears in the filing. -
Raised
$68,750,000before fees and costs
Checked
Source and check
Shares × price = 5,500,000 × $12.50 = $68,750,000. They match.
“Initial public offering price | $12.50 | $68,750,000.00”
A model read this, and code confirmed the quote appears in the filing. -
Bank fee
$4,812,5007.0% of the raise
Checked
Source
“Underwriting discount(1) | $0.875 | $4,812,500.00”
A model read this, and code confirmed the quote appears in the filing. -
Company receives first
$63,937,500before other costs
Checked
Source and check
Raised − bank fee = $68,750,000 − $4,812,500 = $63,937,500. They match.
“Proceeds before expenses, to us | $11.625 | $63,937,500.00”
A model read this, and code confirmed the quote appears in the filing. -
Lead banks
Keefe, Bruyette & Woods, A Stifel Company, Raymond James, Hovde Group, LLC
From the prospectus
Source
“Sole Bookrunner Keefe, Bruyette & Woods A Stifel Company Co-Managers Raymond James | Hovde Group, LLC”
A model read this, and code confirmed the quote appears in the filing. -
Trades as
FCBM on NYSE
Checked
Source
“We have been approved to list our common stock on the New York Stock Exchange (“NYSE”) under the symbol “FCBM”.”
A model read this, and code confirmed the quote appears in the filing. -
Extra for the banks
Up to 825,000 sharesan option the banks may use
From the prospectus
Source
“We have granted the underwriters an option for a period of 30 days from the date of this prospectus to purchase up to an additional 825,000 shares of our common stock at the initial public offering price, less underwriting discounts and commissions.”
A model read this, and code confirmed the quote appears in the filing. - Final prospectus filed June 18, 2026
Not investment advice.Open the filing on SEC.gov
Where the money goes first
The banks take their fee before the company sees the money.
Where First Carolina Financial Services, Inc. sits among the last 12 months
Each bubble is one IPO. Bigger and higher means more money raised. The scale grows by ten times at each line.
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