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hanibaram
Asset management firm CaliberCos (CWD) has set terms for an $8M initial public offering.
Caliber said in its filing that it now plans to offer 1.6 M Class A shares at assumed price of $5 per share, a number that could likely change.
Underwriters would be granted a 45-day option to buy up to 240K additional shares to cover any over-allotments. Revere Securities and Spartan Capital Securities are serving as lead bookrunners.
The company has previously said shares would likely be priced between $5 and $6 per share.
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