Alerus Financial Corp. is looking to up its game. The bank and financial services firm recently filed to be a publicly traded company, according to documents with the Security and Exchange Commission.
The company is aiming to raise $75 million through the IPO although the number of shares to be sold and the price range have not yet been determined.
Proceeds from the IPO will be used for organic growth, repayment of debt and future acquisitions, according to the filing.
