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.