American Savings Bank Finalizes Pricing for Upsized IPO

American Savings Bank (ASB) has priced its upsized initial public offering (IPO) of 8,057,240 common shares at $16.00 per share. The shares are being sold by existing stockholders, meaning ASB will not receive any proceeds from this transaction. Underwriters have also been granted a 30-day option to purchase an additional 1,208,586 shares, marking a significant step in the bank's public market debut.