Digital‑bank Forbright Inc. filed to sell up to 7.9 million shares on Nasdaq, pricing them between $18 and $20. At the top of the range the offering would value the Maryland‑based firm at roughly $994 million. The company hopes to raise $158 million to fund its expanding middle‑market lending and consumer‑banking platform.

Forbright reported adjusted revenue of $77.5 million for the quarter ending March, up from $71.7 million a year earlier, while total deposits climbed to $7.14 billion from $5.76 billion. Assets have surged from $1.9 billion in 2020 to $7.9 billion projected for 2025, reflecting the turnaround after former congressman John Delaney rejoined as chairman and CEO in 2020.

Goldman Sachs, JPMorgan Chase and Barclays lead the underwriting syndicate, and the shares will trade under the ticker FRBT. By tapping public markets, Forbright aims to broaden its balance sheet and compete with larger fintech rivals. The IPO places a digital‑banking specialist among the year's biggest US listings, cementing its transition from a regional chartered bank to a national tech‑enabled lender.

The roadshow, slated for late June, will target domestic and overseas investors, spotlighting Forbright’s $7.9 billion asset base and its technology‑driven loan origination platform. Analysts say a solid debut could spur additional fintech IPOs as the market seeks digital‑banking exposure.