Mohawk Group Holdings, which sells consumer products based on market data gathered using its AI platform, raised $36 million by offering 3.6 million shares at $10, below the range of $14 to $16. The company had filed to raise $50 million by offering 3.3 million shares at that range. At $10, Mohawk commands a market value of $183 million.
Mohawk Group Holdings plans to list on the Nasdaq under the symbol MWK. Roth Capital and A.G.P. acted as lead managers on the deal.
The article Tech-based consumer products company Mohawk prices IPO at $10, below the range 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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