Recent and upcoming thrift conversions and IPOs
Thrift IPOs and upcoming thrift conversions (also known as mutual bank conversions) can debut unknown, because they're small and underpublicized. Few people are interested in promoting an IPO raising tens of millions when it's the big IPOs attracting investors and the media. The lack of attention means the microcaps have potential for attractive returns.
This page includes recent and upcoming thrift conversions so that you can track them more easily. It includes thrifts by IPO date, ticker symbol, and conversion type (standard, first step or second step). It also includes a link to the prospectus filed with the SEC, so that you can quickly access all the details on the conversion and where you might find value.
The first table is updated regularly, so you'll find the most recent prospectus. That could be valuable since these thrifts often update their S-1 filing a few times before going public.
In the second table you'll find mutual thrifts listed by state, so you can quickly see if you have a thrift near by. You'll want to carefully consider whether depositing your money with a thrift is the right investment strategy for you, given the uncertainty of any IPO, the money needed to take full advantage of the strategy, and the potentially long wait. The Zen of Thrift Conversions details the considerations to make as you ponder investing in thrifts.
(Updated May 25, 2023)