04:01 AM EST, 02/14/2025 (MT Newswires) -- Northpointe Bancshares (NPB), the holding company for Northpointe Bank, said late Thursday it has priced an initial public offering of 10.4 million shares at $14.50 per share.

The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "NPB" this Friday, and the offering is expected to close on Tuesday.

The offering includes 8.6 million shares offered by Northpointe and 1.8 million shares by shareholders, the company said.

Northpointe said it will receive net proceeds of about $114.4 million from the offering.

The underwriters will have a 30-day option to purchase up to 2,574 additional shares of common stock from Northpointe and about 1.6 million shares from the selling shareholders, the company said.