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CaliberCos (CWD), an Arizona-based asset management group, has downsized its proposed initial public offering again, this time to $6M.
The firm said in a filing that it is now looking to offer 1.2M shares priced at $5 per share. Underwriters would be granted an option to buy up to 180K additional shares at the IPO price to cover over-allotments.
Caliber intends to list its shares on Nasdaq under the symbol CWD. Spartan Capital is serving as lead bookrunner.
In January, Caliber said that it was considering offering 1.6M shares at $5 per share.
Caliber originally filed for the IPO in September. The proposal called for offering 1.6M shares priced between $5 and $6, which would have raised around $9M.
