Hoyne Bancorp shares surge 10.71% after-hours after Nasdaq debut opens 34% above $10 IPO price.

Hoyne Bancorp surged 10.71% after hours following its Nasdaq debut, with shares opening at $13.35, 34% above the $10 IPO price. The rally reflected strong investor demand amid the company’s transition from a depositor-owned mutual bank to a shareholder-owned institution, supported by a $79.4 million fundraising through the sale of 7.94 million shares. The stock’s post-market climb aligned with broader reports of its debut jumping as much as 36.4%, driven by positive market reception to its strategic shift and robust initial trading performance.