Forbright IPO (FRBT): Nasdaq Listing, Price & Key Facts

Exciting news on the listing of FRBT. Forbright, Inc. is an American digital-first bank and commercial lender specialising in sustainable finance, with services spanning nationwide middle-market lending, digital consumer banking, strategic advisory, and asset management. The company listed on the Nasdaq Global Select Market under the ticker "FRBT" on June 11, 2026.

FRBT is available on the Raseed platform $FRBT

Key Facts:

• Forbright traces its history to Congressional Bank, established in 2003. Following a $369 million capital infusion in 2021, the bank modernised and rebranded as Forbright under the leadership of co-founder John Delaney — a former US Congressman and co-founder of CapitalSource, one of the largest US specialty finance companies. Headquartered in the United States, Forbright operates as a digital-first platform with no traditional branch network.

• The bank specialises in sustainable and clean energy lending — including solar, wind, and green infrastructure — alongside middle-market commercial lending, digital consumer banking, and strategic advisory services. This focus on sustainable finance differentiates Forbright from traditional community banks.

• Total assets as of March 31, 2026: $8.23 billion. LTM revenue ended March 31, 2026: approximately $334 million. LTM net income: approximately $88 million. Full-year 2025 net income: $87.9 million (up from $12.2 million in 2020 — a sevenfold increase in five years). Net interest income for 2025: $263.0 million (+14.6% year-on-year). Q1 2026 net income: $11.6 million.

• Geographic operations: United States nationwide (digital banking platform, no traditional branch network).

• Key investors: Institutional banking and private equity investors from the 2021 recapitalisation round ($369 million).

• IPO information: 7,900,000 Class A shares offered. Underwriters hold an option to purchase an additional 1,185,000 shares.

• IPO Price range: $18.00–$20.00 per share.

• Target raise: Approximately $150 million at the $19.00 midpoint.

• IPO Valuation: Approximately $944 million.

• Stock symbol: FRBT

• Exchange: Nasdaq Global Select Market.

• Underwriters: Goldman Sachs (lead), J.P. Morgan, Barclays, Wells Fargo Securities, Piper Sandler, TD Securities, Santander, Centerview Partners.

Website: forbright.com

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Sources:

• Forbright files preliminary prospectus to raise up to $158M — Seeking Alpha, June 2, 2026

• John Delaney's Forbright discloses higher revenue in US IPO filing — Reuters via Investing.com

• Forbright IPO details — IPOX Calendar

• Forbright financial data — Quartr

• SEC Form S-1/A — Forbright, Inc. (FRBT)