Northpointe Bancshares (NPB.US) has filed for an IPO in the US, aiming to raise $201 million.

Northpointe Bancshares(NPB.US), headquartered in Grand Rapids, Michigan, filed a preliminary prospectus with the Securities and Exchange Commission (SEC) on Thursday to go public, planning to list on the New York Stock Exchange under the ticker NPB. The company is looking to raise up to $201 million through the IPO. Northpointe Bancshares was founded in 1999 as a lender focused on mortgage portfolios, primarily operating in the Midwest states of Michigan, Ohio, and Indiana. Today, the bank has grown into a national financial institution that offers a variety of products, including national mortgage purchase programs, residential mortgage loans, digital banking services for retail customers, and custody deposit services for loan servicing clients. Its delivery system is primarily digital, with loan production offices in 23 cities across 15 states, serving customers in all 50 states and the District of Columbia. Northpointe Bancshares generated revenue of $175 million over the 12-month period ending September 30, 2024. The company filed a confidential IPO application with the SEC on December 20, 2024, with Keefe Bruyette Woods as the sole underwriter for the transaction. The pricing terms for the IPO have not yet been disclosed.