Home Bancshares files for IPO | VailDaily.com
YOUR AD HERE »

Home Bancshares files for IPO

Daily Staff Report

WASHINGTON – Home Bancshares Inc. has registered to sell up to $51.75 million of common stock in an initial public offering.The Conway, Ark.-based bank holding company owns five community bank subsidiaries.Details about the number of shares to be sold or an estimated price range weren’t disclosed in Tuesday’s filing with the Securities and Exchange Commission.Home Bancshares said it applied to have its common stock listed on the Nasdaq Stock Market, under the symbol HOMB.Home Bancshares said it intends to use proceeds from the offering for general corporate purposes, which may include working capital and investments in its bank subsidiaries.For its fiscal year ended Dec. 31, 2005, the company posted net income of $11.45 million on revenue of $85.46 million. This compared with net income of $9.16 on revenue of $36.68 million in 2004.Stephens Inc., Piper Jaffray and Sandler O’Neill & Partners were listed as underwriters for the offering.The $51.75 million valuation for the offering was estimated solely for calculating the registration fee, the filing said. Often, the eventual price terms of an offering differ substantially from the valuation in the first registration.Vail, Colorado


Support Local Journalism