MR2 Group, a data-collection firm providing market research under the Precision Opinion brand, announced terms for its IPO on Tuesday.
The Las Vegas, NV-based company plans to raise $15 million by offering 1.8 million shares at a price range of $7 to $9. At the midpoint of the proposed range, MR2 Group would command a fully diluted market value of $35 million. We are no longer tracking this deal in our IPO stats, as the proposed market cap falls beneath our $50 million cutoff.
MR2 Group was founded in 2007 and booked $16 million in revenue for the 12 months ended March 31, 2018. It plans to list on the Nasdaq under the symbol MRMR. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.
