Capstone Holding, a wholesale distributor of stone-based construction materials in the northeast US, announced terms for its IPO on Monday. The company is currently quoted on the OTCQB (CAPS).
The Alsip, IL-based company plans to raise $5 million by offering 1.3 million shares at $4. At the proposed price, Capstone Holding would command a market value of $21 million.
Because the company is expected to have a market cap of less than $50 million at pricing, Capstone Holding will be excluded from Renaissance Capital's 2025 IPO stats.
The company distributes over 1,980 SKUs, spanning thin veneer stone, natural stone products, stone panels, stone landscape products, and stone fireplaces. Capstone has over 400 active customers, which primarily comprise of various building product distributors in the midwestern and northeastern US, and serves them via four distribution centers.
Capstone Holding was founded in 1987 and booked $44 million in sales for the 12 months ended September 30, 2024. It plans to list on the Nasdaq under the symbol CAPS. Joseph Gunnar is the sole bookrunner on the deal.
