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PFHD - IPO Update: Professional Holding Corp. Proposes IPO Terms
Professional Holding Corp.
Quick Take
Professional Holding Corp. (PFHD) has filed to raise $62 million from the sale of its Class A stock in an IPO, according to an amended registration statement.
The company operates a network of community bank branches in South Florida and is seeking to merge with another community bank after the IPO.
PFHD has managed its strong growth exceptionally well and has growth prospects ahead in a booming region; the IPO appears reasonably priced.
Note: PFHD is a candidate for inclusion in my personal IPO portfolio.