The Firm recently represented the underwriters, led by Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and BNP Paribas Securities Corp., in the initial public offering by First Hawaiian, Inc. A total of 24,250,000 shares of common stock were sold in the offering at a price to the public of $23 per share, including 3,163,043 shares sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters. The shares were sold by an affiliate of BNP Paribas, First Hawaiian’s parent. First Hawaiian’s common stock is listed on the NASDAQ Global Select Market under the symbol “FHB.”
First Hawaiian, Inc. is a bank holding company headquartered in Honolulu, Hawaii. Its principal subsidiary, First Hawaiian Bank, founded in 1858, is Hawaii’s oldest and largest financial institution with $19.1 billion of assets as of March 31, 2016.
The Simpson Thacher team for this offering included, among others, Lee Meyerson, Lesley Peng, Lia Toback, Chris Webb and Patrick McCamy (Capital Markets); Mark Chorazak and Spencer Sloan (Bank Regulatory); Jamin Koslowe, Eric Wolf and Caitlin Lucey (ECEB); Jonathan Cantor and Taylor Alexander (Tax); and Andrew Pagliughi (FINRA and Blue Sky).