(Reuters) – Chain Bridge Bancorp, a lender popular among Republicans since its inception, is aiming to raise up to $48.1 million in its initial public offering in the United States.
The McLean, Virginia-based bank is aiming to sell 1.85 million shares priced between $24 and $26 each, it said on Monday.
The IPO, which is relatively uncommon in the banking sector, comes just about a month before the U.S. presidential election.
(Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli)
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