Anchor Bancorp Wisconsin Inc., the parent company of AnchorBank fsb, has launched an initial public offering of 371,959 shares of common stock.
The Madison-based company is offering 250,000 shares, while selling stockholders are offering the remaining 121,959 shares.
The IPO price is expected to be $25 to $27 per share, and underwriters will have another 55,794 optional shares available for purchase.
Anchor plans to list its stock as ABCW on the NASDAQ Global Market.
Milwaukee-based Robert W. Baird & Co. Inc. is serving as co-manager and Sandler O’Neill + Partners L.P. is acting as book running manager for the offering.
AnchorBank has 54 branches statewide, including seven in the Milwaukee area.