Market Wrap-Up – First Quarter 2025

This edition of my market recap covers the first quarter of 2025. For a review of November and December 2024 see HERE and for October 2024 see HERE.
Forty-two small cap ($30,000,000 and under) IPOs priced in the first quarter of 2025 (13 in January, 15 in February and 14 in March) – a large uptick from 2024. Below is a chart of relevant deal information for the first quarter IPOs.
Exchange | Offer Amount | Domestic/Foreign Issuer | Banker(s) |
Nasdaq Capital | $8,000,000 | Foreign | AC Sunshine Securities, LLC |
Nasdaq Capital | $6,000,000 | Foreign | Kingswood Capital Partners, LLC |
Nasdaq Capital | $5,000,000 | Foreign | Craft Capital Management, LLC and Boustead Securities, LLC |
Nasdaq Capital | $7,000,000 | Foreign | Benjamin Securities, Inc. and Prime Number Capital, LLC |
Nasdaq Capital | $8,400,000 | Foreign | R.F. Lafferty & Co., Inc. |
Nasdaq Capital | $5,614,740 | Foreign | Bancroft Capital, LLC and Eddid Securities USA |
Nasdaq Capital | $7,000,000 | Foreign | Benjamin Securities, Inc. and Prime Number Capital, LLC |
NYSE MKT | $10,000,000 | Domestic | Alliance Global Partners |
Nasdaq Capital |
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