Commercial Bancgroup seeks to raise up to $104 million in rare US bank IPO

(Reuters) -Commercial Bancgroup said on Monday it plans to raise up to $104 million through an initial public offering, in what would be a rare listing by a U.S. bank. WHY IT MATTERS U.S. bank IPOs have become sparse since the 2008 financial crisis, as stricter regulations, higher compliance costs and volatile market conditions have made public listings less attractive. Instead, many lenders have turned to private capital raises or pursuing mergers as more efficient paths to growth. BY THE NUMBERS Com ...