Independent Bank Group Financing
Independent Bank Group, Inc., Corporation just submitted form D about $21.00 million equity financing. This is a new filing. Independent Bank Group was able to sell $21.00 million. That is 100.00% of the fundraising offer. The total financing amount was $21.00 million. This form was filed on 2016-11-30. The reason for the financing was: unspecified.
Independent Bank Group is based in Texas. The filler’s business is Commercial Banking. The SEC form was signed by Michelle S Hickox EVP/CFO. The company was incorporated more than five years ago. The filler’s address is: 1600 Redbud Boulevard, Suite 400, Mckinney, Tx, Texas, 75069. Daniel Brooks is the related person in the form and it has address: 1600 Redbud Boulevard, Suite 400, Mckinney, Tx, Texas, 75069. Link to Independent Bank Group Filing: 000156461816000237.
Analysis of Independent Bank Group Offering
On average, startups in the Commercial Banking sector, sell 44.00% of the total offering amount. Independent Bank Group sold 100.00% of the offering. Could this mean that the trust in Independent Bank Group is high? The average financing size for companies in the Commercial Banking industry is $2.90 million. The total amount raised is 623.89% bigger than the average for companies in the Commercial Banking sector. The minimum investment for this financing was set at $0. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Independent Bank Group Also
The Form D signed by Michelle S Hickox might help Independent Bank Group, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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