Alerus Financial Corp. released more details on its initial public offering.
The bank and financial services firm said it will offer 3.25 million shares of its stock at an expected price between $22 to $24, according to a release. The company also expects to grant the underwriters a 30-day option to purchase up to an additional 487,500 shares.
The company is aiming to raise $75 million through the IPO and anticipates to be traded on the Nasdaq exchange with a stock symbol ALRS, according to…
