Tech-based consumer products company Mohawk files for a $58 million IP

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Mohawk Group Holdings, which sells consumer products based on market data gathered using its AI platform, filed on Friday with the SEC to raise up to $58 million in an initial public offering.

The New York, NY-based company was founded in 2014 and booked $77 million in sales for the 12 months ended March 31, 2019. It plans to list on the Nasdaq under the symbol MWK. Mohawk Group Holdings filed confidentially on November 2, 2018. Roth Capital and A.G.P. are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Tech-based consumer products company Mohawk files for a $58 million IP originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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