(Reuters) -Commercial Bancgroup said on Monday it plans to raise up to $104 million through an initial public offering, in what would be a rare listing by a U.S. bank. BY THE NUMBERSCommercial Bancgroup and some of its existing investors are offering roughly 3.7 million shares priced between $25.75 and $27.75 each. A listing would value the company at roughly $366 million at the top-end of the proposed price range, according to a regulatory filing. CONTEXTThe 2025 IPO market, following a years-long slump, presents a unique window for issuers across sectors to test investor appetite, analysts have said. WHAT'S NEXTThe company is aiming to trade on the Nasdaq under the ticker symbol "CBK" after the offering closes.