First Interstate BancSystem’s IPO: 22 Consecutive Years of Profitability and Counting

Bill Simpson submits:

Bill Simpson wrote an analysis of First Interstate BancSystem (FIBK) to TradingIPOs subscribers on March 20. In its debut Wednesday, March 24, the company sold 10 million shares for $14.50 each, raising $145 million. It had expected to sell 8.7 million shares for $14 to $16 apiece.

The text of Mr. Simpson’s original writeup follows:


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