Market Wrap-Up – Second Quarter 2026

This edition of my market recap covers the second quarter of 2026.

Six small cap ($30,000,000 and under) IPOs priced in the second quarter of 2026 (1 in April, 5 in May and 0 in June) – which is only one more than the dismal first quarter of 2026.  On the other hand, direct listings continue a somewhat regular stream with 5 trading in Q2 2026.  Below is a chart of relevant deal information for the second quarter IPOs.

Exchange Offer Amount Domestic/Foreign Issuer Banker(s)
Nasdaq Capital $16,531,317 Foreign Benchmark, a StoneX Company
Nasdaq Global $22,800,000 Foreign Alliance Global Partners
Nasdaq Capital $9,225,000 Domestic Maxim Group, LLC
NYSE MKT $15,000,000 Domestic Benchmark, a StoneX Company
Nasdaq Capital $19,375,000 Domestic Lucid Capital Markets
Nasdaq Capital $15,000,000 Foreign Joseph Gunnar & Co., LLC

The Author

Laura Anthony, Esq.

Founding Partner

Anthony, Linder & Cacomanolis

A Corporate and Securities Law Firm

LAnthony@ALClaw.com

Securities attorney Laura Anthony and her experienced legal team