CaliberCos, a middle-market asset manager focused on real estate and other alternatives, filed on Thursday with the SEC to raise up to $9 million in an initial public offering.
The Scottsdale, AZ-based company plans to raise $9 million by offering 1.6 million shares at a price range of $5 to $6. The IPO float represents just 4.5% of the basic shares outstanding. At the midpoint of the proposed range, CaliberCos would command a market cap of $194 million.
CaliberCos describes itself as a vertically integrated asset management firm which offers middle-market investment funds, private syndications, and direct investments. The company markets its services to private investors, investment advisors, family offices and institutions, and in-house. As of June 30, 2022, Caliber had total fair value AUM of $638 million.
CaliberCos was founded in 2009 and booked $76 million in revenue for the 12 months ended June 30, 2022. It plans to list on the Nasdaq under the symbol CWD. Revere Securities is the sole bookrunner on the deal.
