Micro-cap specialty builder SG Blocks files for a $14 million IPO

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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.

The article Micro-cap specialty builder SG Blocks files for a $14 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs
Referenced Symbols: SGBX

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