On Monday, June 18th, Coastal Financial filed with the US Securities and Exchange Commission to raise up to $30m in an Initial Public Offering.
According to the Nasdaq website, the local financial institution was founded in 1997 and booked a whopping $35m in revenue for the twelve months leading up to the end of March 2018. Pricing terms aren’t being disclosed at this time, and Coastal plans to list on the Nasdaq under CCB.
The source article for this material is located on Renaissance Capital’s website, here.
Everett Post has reached out to Coastal for additional comment.