Micro-cap learning software provider Amesite files and sets terms for a $16 million IPO

Amesite, which provides an AI-driven platform for developing online learning products, filed on Monday with the SEC to raise up to $16 million in an initial public offering.

The Detroit, MI-based company plans to raise $16 million by offering 3.1 million shares at a price range of $4.50 to $5.50. At the midpoint of the proposed range, Amesite would command a fully diluted market value of $109 million.

Amesite provides customized, high performance, and scalable online products for customers including businesses, universities and colleges, and K-12 schools. 

Amesite was founded in 2017 and plans to list on the Nasdaq under the symbol AMST. The company filed confidentially on April 14, 2020. Laidlaw & Company (UK) is the sole bookrunner on the deal.

The article Micro-cap learning software provider Amesite files and sets terms for a $16 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

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