Jefferson City, Missouri – Central Bancompany, a regional U.S. bank, announced on Friday that it is targeting a valuation of up to $5.72 billion in its upcoming initial public offering (IPO). The IPO, a rare move for U.S. banks in the current market, will see the lender offer 17.8 million shares priced between $21 and $24 each, aiming to raise up to $426.7 million.

The planned flotation highlights strong demand for IPOs in the U.S., following a rebound in public offerings this autumn. Several high-profile listings, including Swedish fintech firm Klarna (KLAR.N) and the Gemini cryptocurrency exchange (GEMI.O) founded by the Winklevoss twins, have captured significant investor interest.

“Since the 2008 financial crisis, U.S. bank IPOs have been rare, as tighter regulations, rising compliance costs, and market volatility reduced the appeal of public listings,” said Michael Ashley Schulman, partner and CIO at Running Point Capital.

IPO Market Conditions and Government Shutdown Impact

The recent U.S. government shutdown in October temporarily slowed IPO activity, delaying SEC filings and short-term investor participation. Schulman likened the shutdown to “a DJ walking away mid-drop,” disrupting the momentum of the IPO market. Despite these hurdles, investor appetite for well-positioned financial institutions remains robust.

Central Bancompany Overview

Central Bancompany operates across Missouri, Kansas, Oklahoma, Colorado, and Florida, serving both consumer and business banking clients. The company has a total balance sheet of $19.2 billion and manages $15.4 billion in wealth assets under advice, reflecting a strong regional presence and diversified portfolio.

The IPO will be jointly led by Morgan Stanley and Keefe, Bruyette & Woods, with shares set to trade on the Nasdaq Global Select Market under the ticker symbol “CBC.” Analysts note that this offering represents a rare opportunity for investors to access a regional banking asset at a time when U.S. bank IPOs remain limited.

“For banking and finance specialists, whose pool has been shrinking through mergers and acquisitions, this IPO will be a welcome addition,” Schulman added.

Comparison to Recent Bank IPOs

Earlier this year, Commercial Bancgroup (CBK.O) went public after filing for a U.S. IPO in September. Its shares currently trade slightly above the IPO price, highlighting cautious optimism among investors regarding new banking listings. Central Bancompany’s valuation and regional footprint could position it as one of the most closely watched U.S. bank IPOs of 2025.