CapsoVision (CV Proposed) – the small IPO of a medical technology company focused on the GI tract – is in the spotlight during this short week leading up to the Fourth of July holiday on Friday. Coastal Bancshares, Inc. (COSO) – the NYSE uplisting and small public offering of an Atlanta-based bank holding company – is also attracting some attention at the start of this four-day work week. Two other small IPOs are on this week’s roster with pricing dates, while another two small IPOs have tentative pricing dates set for “the week of June 30, 2025.” (Please see our IPO Calendar for details.)
Wall Street is taking a breather after a torrid June when crypto issuer Circle Internet (CRCL) defied gravity with its IPO. Investment banking and trading desks are likely to be operating with minimal staffing during this traditional holiday week.
Saratoga, California-based CapsoVision (CV Proposed) is offering 5.25 million shares at a price range of $5.00 to $5.50 to raise $27.56 million, if priced at the $5.25 mid-point of its range. The IPO is expected to price tomorrow night – Tuesday night, July 1, 2025 – to trade Wednesday, July 2nd, on the NASDAQ.
The Benchmark Company and Roth Capital are the joint book-runners.
CapsoVision, a commercial-stage medical tech company, is the developer of advanced imaging and AI technologies used to identify abnormalities of the gastrointestinal (“GI”) tract for diagnostic and screening purposes, according to the prospectus.
CapsoVision is not profitable, according to financial statements in the prospectus: Net loss of $21.2 million on revenue of $12.1 million for the 12 months that ended March 31, 2025.
The New York Stock Exchange uplisting deal of Coastal Bancshares, Inc. (COSO), based in Atlanta, Georgia, is also set for pricing this week. This is not an IPO. Coastal Bancshares is conducting a public offering of 2.6 million shares at a price range of $21.50 to $23.50 to raise $59 million – in connection with its plan to uplist its stock to the New York Stock Exchange from the OTCQX Best Market, according to the prospectus. Of the 2.6 million shares in the public offering, the company is offering 1.69 million shares and the selling stockholder is offering 910,000 shares.
Its flagship bank, Coastal States Bank, operates 11 branches in Georgia and South Carolina, according to the prospectus. The bank serves the Atlanta, Georgia, metropolitan area, as well as Savannah, Georgia, and the Low Country of South Carolina.
Coastal Bancshares, Inc. is profitable, according to financial statements in the prospectus: Net income of $24.53 million on revenue of $72.1 million for the 12 months that ended March 31, 2025.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
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