The Gladstone Companies, an alternative asset manager with four publicly-traded funds, withdrew its plans for an initial public offering on Tuesday. It originally filed in February 2022 with a proposed deal size of $50 million. The company had not updated its prospectus since March 2023.
The McLean, VA-based company was founded in 2001 and booked $88 million in revenue for the 12 months ended December 31, 2022. It had planned to list on the Nasdaq under the symbol GC. EF Hutton was set to be the sole bookrunner on the deal.
