CoastalSouth opens at $21.50, IPO priced at $21.50 per share

CoastalSouth (COSO) Bancshares, a Georgia corporation and the bank holding company for Coastal States Bank, a South Carolina state-chartered commercial bank, priced its initial public offering of 2.035M shares of its common stock, 1.7M of which are being sold by CoastalSouth and 335,000 of which are being sold by certain selling shareholders, at a public offering price of $21.50 per share as the company uplisted to the New York Stock Exchange.