Digital bank Forbright (FRBT.US) is pricing its IPO at $18-20 per share, aiming to raise $150 million.

According to the financial news app, Zhitong Finance and Economics, digital bank Forbright, which focuses on business loans in the mid-market segment, announced the terms of its initial public offering (IPO) on Tuesday. The company plans to issue 7.9 million shares at a price range of $18 to $20 per share, raising approximately $150 million. It is expected that the IPO will be priced the week of June 8, 2026. Based on the midpoint of the price range, Forbright's fully diluted market value will be approximately $987 million. The company plans to list on the Nasdaq with the stock symbol "FRBT".