Raleigh-based Paragon Commercial Corp. (NASDAQ: PBNC), the parent company of Paragon Bank, has priced its public-market debut at $34 per share — the midpoint of the range it disclosed previously. And trading has officially begun on the Nasdaq exchange. With Paragon offering 736,000 shares, the debut price means a raise of about $25 million. As of 11 a.m., the stock was trading around $35.45 — 1.3% higher. The initial public offering, which pays off a bank-holding debt, is estimated to close…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/news/2016/06/16/n-c-bank-makes-debut-on-public-stock-market.html?ana=RSS%26s=article_search
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