SG Blocks, which builds residential and commercial spaces out of shipping containers, filed on Monday with the SEC to raise up to $14 million in an initial public offering.
With total assets of $9 million and 3Q16 sales of $0.3 million, we expect that the company's post-IPO market cap will be below $50 million; it is therefore excluded from our IPO stats.
The Brooklyn, NY-based company was founded in 1993. It plans to list on the Nasdaq under the symbol SGBX. Joseph Gunnar & Co. is the sole bookrunner on the deal. No pricing terms were disclosed.
