Missouri-Based Lender Central Bank Shares Jump 9% After IPO

John Ross, president and chief executive officer of Central Bancompany Inc., center left, and Sam Bryan Cook, executive chairman of Central Bancompany Inc., center right, during the company's initial public offering at the Nasdaq MarketSite in New York on Nov. 20.

Photographer: Michael Nagle/Bloomberg

Central Bancompany Inc., the holding company that owns regional lender Central Bank, jumped 9.4% in its trading debut after it raised $373.4 million in an initial public offering.

Shares of the owner of Central Trust Bank, as it is officially known, closed at $22.97 each in New York, just above its IPO price of $21 apiece. At that price, Central Bancompany would have a market value of around $5.5 billion based on the outstanding shares listed in its US Securities and Exchange Commission filings.