07:52 AM EDT, 08/04/2025 (MT Newswires) -- Avidbank Holdings ( AVBH ) said Monday it plans to launch its initial public offering of about 2.6 million shares, which may be priced between $22 and $24 per share.

Underwriters are expected to be granted a 30-day option to buy up to an additional 391,500 shares.

Avidbank Holdings ( AVBH ), the bank holding company for Avidbank ( AVBH ), said it will list on the Nasdaq Global Select Market under the ticker symbol "AVBH."

Proceeds from the IPO are expected to support the bank's organic growth strategies, strengthening regulatory capital, lending expansion, capital strengthening, balance sheet optimization and general corporate purposes.