The July IPO market is slated for a quiet start, with just a couple IPOs scheduled for the short Fourth of July week ahead.
OTC-listed community bank CoastalSouth Bancshares (COSO) plans to raise $59 million at a $281 million market cap. Operating as Coastal States Bank, the company offers a comprehensive range of banking products and services in South Carolina and Georgia. Its specialty lending businesses provide geographical diversification and scalability, but its deposits are geographically concentrated and relatively high cost.
Medical device maker CapsoVision (CV) plans to raise $28 million at a $253 million market cap. The company’s first capsule endoscope system, currently comprising the CapsoCam Plus single-use capsule and the CapsoCloud and CapsoView software, is used to panoramically visualize the small-bowel mucosa to investigate abnormalities such as obscure GI bleeding and Crohn's disease.
| U.S. IPO Calendar | |||
|---|---|---|---|
| Issuer Business | Deal Size Market Cap | Price Range Shares Filed | Top Bookrunners |
| CapsoVision (CV) Saratoga, CA | $28M $253M | $5 - $5.50 5,250,000 | Benchmark Roth Cap. |
| Makes a capsule endoscope system for diagnostic and screening applications. | |||
| CoastalSouth Bancshares (COSO) Atlanta, GA | $59M $281M | $21.50 - $23.50 2,600,000 | Piper Sandler |
| Community bank with 11 branches across South Carolina and Georgia. | |||
Street research is expected for two companies in the week ahead, and one lock-up period will be expiring. For access to Street research and lock-up expiration dates, sign up for a free trial of IPO Pro.
IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/26/2025, the Renaissance IPO Index was up 3.4% year-to-date, while the S&P 500 was up 5.1%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Arm Holdings (ARM) and Reddit (RDDT). The Renaissance International IPO Index was up 19.3% year-to-date, while the ACWX was up 17.6%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Galderma and Horizon Robotics.
