Denver's First Western Financial Files for $25 Million IPO
The bank and wealth manager plans to list on the Nasdaq under the symbol MYFW
First Western Financial Inc., a financial holding company headquartered in Denver, announced Tuesday, June 19 that it publicly filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock.
The bank and wealth manager for high net work individuals filed to raise up to $25 million in its IPO.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. First Western intends to list its common stock on the NASDAQ Global Select Market under the ticker symbol "MYFW."
Founded in 2002 and booking $58 million in revenue in the last 12 months, ending March 31 of this year, First Western has operations in Colorado, Arizona, Wyoming and California. The firm and its subsidiaries provide a fully integrated suite of wealth management services on a private trust bank platform, which includes a comprehensive selection of deposit, loan, trust, wealth planning and investment management product.
These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective.
Keefe, Bruyette & Woods Inc., a Stifle Company, and Stephens Inc., are acting as joint book-running managers and Sandler O'Neill + Partners, L.P., is acting as co-manager for the proposed offering.