Missouri-Based Lender Central Bank Shares Jump 9% After IPO (1)

Central Bancompany Inc., the holding company that owns regional lender Central Bank, jumped 9.4% in its trading debut after it raised $373.4 million in an initial public offering.

Shares of the owner of Central Trust Bank, as it is officially known, closed at $22.97 each in New York, just above its IPO price of $21 apiece. At that price, Central Bancompany would have a market value of around $5.5 billion based on the outstanding shares listed in its US Securities and Exchange Commission filings.

The company sold 17.8 million shares and marketed them at $21 to $24 ...