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Banking

Jan. 4, 2011

First Republic IPO Year's Biggest

Market observers said they don't believe the successful IPO means that the outlook is better for bank IPOs or IPOs in general, though they expect an uptick in IPOs in 2011.


By Jill Redhage


Daily Journal Staff Writer


Thanks to good timing and successful marketing, San Francisco-based First Republic Bank raised $280 million in its initial public offering in early December, the largest IPO in California in 2010.


The offering brought work to Sullivan & Cromwell in New York, and to executive compensation and benefits lawyers at Pillsbury Winthrop Shaw Pittman in Northern California. New York-based Sidley Austin la...

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