First Western launches $37M initial public offering

DENVER — First Western Financial, Inc., a financial holding company headquartered in Denver with banking and mortgage office locations in Boulder and Fort Collins, has launched its initial public offering of shares of its common stock.

First Western plans to offer 1,500,527 shares of its common stock, and certain non-insider selling shareholders of First Western intend to offer 349,473 shares of First Western common stock. First Western also expects to grant underwriters a 30-day option to purchase up to an additional 277,500 shares of its common stock, according to an announcement from the company.

The…