American Savings Bank Raises $129 Million in IPO, Begins Trading on NYSE

AI-generated NewsSnap summary based on source reporting.
Published: 2026-09-16
Category: business
Source: The Manila Times

Honolulu-based American Savings Bank (NYSE: ASBH) has completed its initial public offering, raising $129 million by pricing over eight million shares at $16 apiece. The deal values the bank above $1.03 billion, marking its debut on the New York Stock Exchange.

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