Hawaiian Electric Industries, Inc. HE

HONOLULU, September 21, 2026--On September 16, 2026, Hawaiian Electric Industries, Inc. (NYSE - HE) ("HEI") monetized 30% of its 9.9% stake in American Savings Bank, N.A. (NYSE - ASBH) ("ASB"), as part of ASB’s initial public offering. The sale of approximately 2.0 million shares resulted in $29.5 million in proceeds to HEI, net of underwriting fees and issuance costs. The underwriters have a 30-day option to purchase up to an additional 293,904 shares of common stock from HEI, and fully exercis

Hawaiian Electric Industries, Inc. (NYSE:HE) has a potential valuation benchmark for its retained American Savings Bank investment. IPO terms reported September 9 imply approximately $1 billion of equity value at the midpoint. The proposed offering comprises approximately 7.5 million shares at $15 to $17 each. Hawaiian Electric Industries, Inc. (NYSE:HE) sold 90.1% of the bank […]