Forbright Bank Targets 994 Million Dollar Valuation in IPO
The Maryland-based bank founded by former U.S. Representative John Delaney is seeking to raise up to 158 million dollars by offering 7.9 million shares. This listing follows a resurgence in financial sector IPOs after the 2023 regional banking crisis.
Forbright is targeting a $993.8 million valuation in a U.S. IPO as the bank listing recovery accelerates into 2026. The Chevy Chase, Maryland-based Forbright plans to raise $158 million by offering 7.9 million shares priced between $18 and $20 each. The move signals a reopening of public markets for financial institutions after the 2023 regional banking crisis stalled activity.
### Banking Sector Rebound Drives New Listings Forbright traces its history to Congressional Bank, established in 2003 as a community bank serving the Washington D.C. area. Five banks went public in 2025, a sharp increase from the single listing recorded between 2023 and 2024, according to Dealogic data.
