Corporate Group Represents Spirit of Texas Bancshares, Inc. in IPO
Jackson Walker represented Spirit of Texas Bancshares, Inc. (STXB) in its initial public offering of 2,300,000 shares of common stock at $21 per share, before underwriting discounts and commissions. The company’s common stock began trading on the NASDAQ Global Select Market on May 4, 2018. The offering closed on May 8, 2018.
Based in Conroe, Texas, STXB is the bank holding company of Spirit of Texas Bank, a state savings bank with $1.03 billion in assets and fifteen full-service branches located in the Houston, Dallas/Fort Worth, and Bryan/College Station metropolitan areas.
Jackson Walker attorneys Alex Frutos, Jane E. Magnuson, Taylor McDowell, Michael F. Meskill, and James L. Pledger were involved in the transaction. To learn more about Jackson Walker’s experience in public securities offerings and corporate governance, view the Public Companies and Securities page.
Meet Our Team
The Corporate and Securities practice group assists clients with virtually any type of corporate transaction. From counseling startups and forming investment funds to negotiating M&A transactions and conducting public and private offerings, attorneys handle complex corporate matters of all sizes across multiple jurisdictions. The group also serves as outside general counsel to hundreds of companies, working closely with management to provide pragmatic solutions to legal problems that arise. Whether it’s negotiating commercial contracts, improving corporate governance, or navigating securities regulations, clients look to Jackson Walker for guidance on the issues that affect their businesses every day.
For more than 130 years, Jackson Walker has played a vital role in the growth and development of Texas business. Since our founding in 1887, our attorneys have represented some of the most influential companies in the state in key industries that shaped the course of Texas history, including railroads, banking, the media, and oil and gas exploration. Today, we remain firmly rooted in Texas while serving clients around the globe. With more than 375 attorneys in our seven offices, we serve clients worldwide in a broad range of practices and industries. Our clients know they can count on us to deliver personalized service, legal experience, and added value.