New York-based commercial bank Signature Bank Tuesday, January 18, disclosed the price of its underwritten offer of 2.1 million common shares at $352 per share.

The bank also gave the underwriters a 30-day option to purchase up to 315,000 additional common shares. It intends to reinvest the proceeds of the offering in itself, in accordance with the company announcement Wednesday (January 19).

Goldman Sachs & Co. LLC, Morgan Stanley and Jefferies are acting as bookrunners in the offering, which is expected to close Thursday (January 20), subject to closing conditions.

Related: Boston FinTech Circle partners with Signature Bank of New York

Signature Bank is the leading fintech financial institution based in Boston Circle and has held reserve deposits since the partnership was announced in mid-April.

Signature Bank’s duty is to “hold billions of dollars in reserve deposits tied to USD Coin (USDC),” the digital dollar stablecoin, according to the announcement.

The two companies also plan to integrate Circle with Signet, Signature Bank’s blockchain-based digital payments platform that enables real-time payments.

Read also : Nubank goes public at $41.5 billion with Latin America growth on the horizon

In December, the Brazilian FinTech Nubank announced that its valuation reached $41.5 billion, higher than that of the country’s largest bank, Itaú Unibanco. This figure makes the startup the most valuable listed financial institution in South America.

Nubank is expanding into Mexico and Colombia, steps it is taking to extend its reach across Latin America, said David Vélez, Founder and Managing Director.

Nubank started out as a credit card company with no annual fee. It has nearly 50 million mobile app users for its savings accounts, business loans, insurance and investment products.