BUZZ-Georgia Bank's share price surges in direct listing on Nasdaq

October 29 - **Bank holding company Georgia Banking (Georgia Banking)GBC.O shares soared 18.33% in a Nasdaq direct listing to $35.50 (link)

** The stock opened at $60 per share, then gave up some gains and turned lower

** In June, GBC completed a $77.7 million private placement led by Fortress Investment Group during the afternoon trading session, with an issue price of $30 per share

** Headquartered in Atlanta, Georgia, GBC (assets of approximately $3.3 billion as of June 30 link) offers commercial banking, community banking, private banking, commercial real estate banking, mortgage warehouse, and treasury management services

** Performance Trust Capital Partners served as financial advisor for GBC's direct listing

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