![]() This brings us to the rest of this week’s calendar. Note: Its stock has been trading on the OTCQB since May 3, 2010, and it closed Friday, June 10, 2016, at $5.60. The second paragraph on the front page of its “red herring” reads: “ Our common stock is currently quoted on the OTCQB under the symbol “VIVMF.”” The first paragraph on the front page of its “red herring” reads: “We are offering 1,562,500 shares of our common stock, par value $0.0001 per share, in a firm commitment underwritten offering at an assumed initial public offering price of $8.00 per share, which share number reflects the one for eight reverse stock split that we effected on Ap(the “reverse stock split”) described in this prospectus.” The company distributes its products through sales consultants and distribution partners in North America, Latin America, Europe, the Asia Pacific region and the Middle East. Viveve Medical, based in Sunnyvale, California, provides medical devices for the non-invasive treatment of vaginal laxity. Note: Its stock has been trading on the OTCQX since April 15, 2015, and it closed Friday, June 10, 2016, at $32.50, UP from $30.50 on June 9.Ĭonclusion: This is a public offering. We have applied to list our common stock on the NASDAQ Capital Market under the symbol “PBNC.”” The second paragraph on the front page of its “red herring” reads: “ Prior to this offering, our common stock was quoted on the OTCQX marketplace under the symbol “PBNC.” We currently estimate that the initial public offering price per share will be between $33.00 and $35.00. We are offering 736,000 shares of our common stock.” The first paragraph on the front page of its “red herring” reads: “ This is the initial public offering of Paragon Commercial Corporation, the parent company and registered bank holding company of Paragon Commercial Bank in Raleigh, North Carolina. Its private banking services cater to the needs of executives, business owners, entrepreneurs and other high-net-worth individuals who desire an extraordinary client experience that is rarely available at other financial institutions, according to the prospectus. #Fineprint sunnyvale professional#The bank’s commercial focus is on companies and professional service firms, including attorneys, healthcare providers and accountants. Paragon Commercial, based in Raleigh, North Carolina, operates as a bank holding company for Paragon Commercial Bank, which provides commercial and private banking services. The “IPOs” are Paragon Commercial ( PBNC) and Viveve Medical ( VIVMF ). ![]() ![]() ![]() How can this be? The answer can be found by reading the not-so-fine print on the front page of each offering’s preliminary prospectus – or “red herring” as it’s known in Wall Street jargon. This week’s calendar has three new names on it, but investors can buy shares in two of these companies before the IPOs get priced. ![]()
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