Preston Hollow Community Capital, which provides specialized financing for social and economic projects, saw its IPO registration statement declared abandoned by the SEC in a new filing. It had last filed in July 2021 to raise $200 million by offering 10.5 million shares at a price range of $18 to $20, but postponed the offering.
The Dallas, TX-based company was founded in 2014 and booked $150 million in sales for the 12 months ended March 31, 2021. It had planned to list on the NYSE under the symbol PHCC. J.P. Morgan, Barclays, UBS Investment Bank, and Piper Sandler were set to be the joint bookrunners on the deal.
