GC News

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...read more

In February, eight IPOs raised $271 million, a 76% y/y decline in IPO count and a 97% drop in proceeds. February IPOs raised fewer proceeds than any month since November 2018. The month’s issuers were primarily micro-caps, as the average deal size shrank to a mere $34 million; just one deal raised more than $100 million. Issuance was slow as companies finished preparing 4Q21...read more

The IPO market's run of small issuers continued this past week with two healthcare micro-caps, joined by five SPACs. The pipeline was fairly active with initial filings from three IPOs and two SPACs. ...read more

The Gladstone Companies, an independent alternative asset management firm, filed on Friday with the SEC to raise up to $50 million in an initial public offering. Gladstone is an independent US alternative asset manager with approximately $4.0 billion in AUM as of December 31, 2021. Its alternative asset management businesses include the management of: GAIN, a...read more