National Bank Holdings in Greenwood, Colo., plans to raise up to $180.9 million after completing an initial public offering.
Shareholders, who will sell about 7.2 million shares at $20 to $22 each, have granted underwriters an option to buy an additional 1.1 million shares. National Bank will not receive any proceeds from the offering, the company said in a regulatory filing on Monday.
The $5.8 billion-asset company was formed in 2009 to buy distressed banks. It recently moved its headquarters to the Denver area from Boston after completing a string of acquisitions in Colorado and nearby states. The company bought three failed banks last year. It bought Bank Midwest in Kansas City, Mo., in 2010.
Capital Bank Financial, another bank roll-up company, also priced its IPO on Monday. The Coral Gables, Fla., company expects to sell 11.3 million shares at $21 to $23 a share.