TriState Capital announced terms for its initial public offering. The company, which invests in commercial properties, plans to raise $44 million by offering 5.7 million shares.

The shares will be offered at a price range of between $10.5 to $12.5. 

At the midpoint of the proposed range, TriState Capital would command a fully diluted market value of $323 million.

The company plans to list on the NASDAQ under the symbol TSC. 

Stephens, Keefe Bruyette Woods and Baird are the joint bookrunners on the deal.