A new bank plans to open soon and they are doing a private offering, selling 2M share @$10 per share, trying to raise $20M total. This seems pretty standard practice for small banks. It's part of the federal deposit insurance corporation application statement.
Assume this isn't a scam, as this is normal practice for small banks to raise capital and is a legit bank with management team, directors and all.
My question is , why would anyone invest in this? How would one sell the shares or find someone else willing to buy them later?
What am I missing?
Submitted March 29, 2021 at 09:27PM by whodis25 https://ift.tt/3cA2DFj
