Forbright's IPO
Listed Jun 11, 2026 at $18 on Nasdaq as FRBT.
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What does Forbright do?
| Fact | Forbright |
|---|---|
| Founded | 2003 |
| Employees | approximately 545 full-time, as of March 31, 2026 |
| Website | forbrightbank.com |
What is the offering?
Each figure names the filing it is from and that filing's date. The market cap is Breakaway's arithmetic from the prospectus's share count.
| Fact | Forbright |
|---|---|
| Shares offered | 7,900,000 |
| Offer price | $18 a share |
| Raised at that price | $142 million |
| Underwriters' discount | $532,000 |
| Net proceeds the company expects | About $131 million |
| Underwriters | Goldman Sachs, J.P. Morgan, Barclays, Wells Fargo, Piper Sandler, and TD Securities, and 2 more |
| Exchange | Nasdaq Global Select Market, as FRBT |
What risks does Forbright name first?
- “Our future success is dependent on our ability to compete effectively in a highly competitive industry.”
- “The middle-market businesses which we target may have fewer resources to weather adverse business developments, which may impair a borrower's ability to repay a loan.”
- “We depend on the accuracy and completeness of information about clients and counterparties, which, if incorrect or incomplete, could harm our earnings.”
Every date of Forbright's IPO
| What | Day |
|---|---|
| Registration filed | May 15, 2026 |
| Exchange registration filed | Jun 10, 2026 |
| Declared effective by the SEC | Jun 10, 2026 |
| Priced | Jun 10, 2026 |
| First trade | Jun 11, 2026 |
| Lock-up ends | Dec 7, 2026 |
How did its first days trade?
From its daily bars, each close against its $18 offer price.
| Day | Open | Close | From the offer |
|---|---|---|---|
| Jun 11 | $17.50 | $18.10 | +0.6% |
| Jun 12 | $18 | $18 | 0.0% |
| Jun 15 | $18.11 | $18.06 | +0.3% |
| Jun 16 | $18.00 | $18 | 0.0% |
| Jun 17 | $17.87 | $18.05 | +0.3% |
The other IPOs expected
| Company | Price |
|---|---|
| $19 to $21 | |
| $15 to $17 | |
| $15 to $17 | |
| $7 | |
| $5 to $7 |
Forbright IPO questions
When is Forbright's IPO?
Listed Jun 11, 2026 at $18 on Nasdaq as FRBT.
What is Forbright's IPO price?
Forbright's IPO priced at $18 a share, per its final prospectus of Jun 11, 2026.
How many shares is Forbright selling?
7,900,000 shares, per its final prospectus (424B4).
Who are the underwriters?
Goldman Sachs, J.P. Morgan, Barclays, Wells Fargo, Piper Sandler, TD Securities, Santander, and Centerview, as the prospectus's cover names them.
When does the lock-up end?
Forbright's IPO lock-up ends Dec 7, 2026. Its final prospectus says: “.”
Does Breakaway rate Forbright?
Breakaway scores a new stock from its second trading day, ranked against every US stock it scores. For its first 21 sessions the page says New listing in place of the tier, and each check that needs more history waits for it.
Can Breakaway say where Forbright's price will go?
No. Breakaway does not say where a price will go. Every figure here is from the company's SEC filings, linked on each line.
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