Caliber Holdings confidentially filed for an initial public offering in the U.S. last week. According to a report from Seeking Alpha, the number of shares and price ranges are not known and proceeds from the IPO would be allocated for general corporate purposes, including possible debt repayment.
Caliber is one of the largest automotive service companies in the U.S. It features collision and auto glass services that have expanded to more than 1,700 locations across 41 states since its founding in 1997.
According to the Seeking Alpha report, the IPO filing follows a period of active capital raising and financial restructuring, with recent smaller public and private offerings as part of a broader strategy to strengthen its capital structure and support future growth initiatives. Caliber Holdings was founded in 1997 by a group of California bodyshop owners. Headquartered in Lewisville, Texas, it has expanded rapidly over the next 25 years, reaching more than 1,700 locations across 41 states.
