First Foundation Inc. files for IPO

April 21
10:43 PM 2014

First Foundation Inc. is a financial services firm headquartered in Irvine, California and provides clients with consultation, trust, banking and insurance, wealth planning and investment management in multiple locations in the United States. Today, First Foundation chief executive officer Scott F. Kavanaugh announced that the company has filed an intended initial public offering of common stock with the US Securities and Exchange Commission.

First Foundation has applied to commence public debut on the NASDAQ under the trading symbol FFWM. Meanwhile, the number of shares to be put on sale and the price range for the public debut were not yet determined.

The company has selected Sandler O’Neill + Partners, L.P. and Keefe, Bruyette & Woods to be the joint book running managers for the IPO. Meanwhile, Sterne Agee was appointed to act as co-manager for the public debut of First Foundation. A filing to the regulating authorities has been made but is still pending approval.

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