Capstone 72, which renovates and sells single-family homes in Ohio and Washington, filed on Friday with the SEC to raise up to $15 million in an initial public offering.
The company plans to raise $15 million by offering 3.8 million shares at $4. At the proposed price, Capstone 72 would command a market value of $80 million.
Operating through Capstone 72 Properties, the company specializes primarily in the acquisition, renovation, and sale of single-family homes. The company initially held properties in Cleveland, Ohio, and has since expanded into selling properties to international investors based in Seattle and Vancouver, with plans to enter Los Angeles, the San Francisco Bay Area, and other US markets in 2025. Long-term strategic growth also includes targeted expansion into international regions, beginning with Singapore.
The Parma, OH-based company was founded in 2022 and booked $5 million in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol CAPI. Arc Group Securities is the sole bookrunner on the deal.
