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FMBI - One More 7.00% Preferred Stock IPO From First Midwest Bancorp
First Midwest Bancorp Inc.
Introduction
After they have issued their Series A Preferred stock (FMBIP) on May 13, now First Midwest Bancorp (FMBI) are releasing their second IPO, the Series C Preferred stock. The interesting thing about FMBIO is that it has exactly the same characteristics as the previously issued FMBIP, becoming his twin. I have already written about FMBIP at the time its IPO was released, and now is the time to present its "twin brother".
The New Issue
Before we submerge into our brief analysis, here is a link to the 424B2 Filing byFirst