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Mohawk Group Holdings Priced, Nasdaq: MWK

Sells consumer products based on market data gathered using its AI platform.

Industry: Consumer Discretionary

Latest Trade: $8.43 0.00 (0.0%)

First Day Return: 0.0%

Return from IPO: -15.7%

Industry: Consumer Discretionary

Mohawk is a rapidly growing technology-enabled consumer products company. Mohawk was founded on the premise that if a CPG company was founded today, it would apply A.I. and machine learning, the synthesis of massive quantities of data and the use of social proof to validate high caliber product offerings as opposed to over-reliance on brand value and other traditional marketing tactics. We believe we are reinventing how to rapidly and successfully identify new product opportunities and to launch, autonomously market and sell products in the rapidly growing global e-commerce market by leveraging our proprietary software technology platform, known as AIMEE (Artificial Intelligence Mohawk e-Commerce Engine). AIMEE combines large quantities of data, A.I., machine learning and other automation algorithms, at scale, to allow rapid opportunity identification and automated online sales and marketing of consumer products. AIMEE sources data from various e-commerce platforms, the internet and publicly available data, allowing it to estimate and determine trends, performance and consumer sentiment on products and searches within e-commerce platforms.
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IPO News for Mohawk Group Holdings
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IPO Data
IPO File Date 05/10/2019
Offer Price $10.00
Price Range $14.00 - $16.00
Offer Shares (mm) 3.6
Deal Size ($mm) $36
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/12/2019
Offer Price $10.00
Price Range $14.00 - $16.00
Offer Shares (mm) 3.6
Deal Size ($mm) $36
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters New York, NY
Founded 2014
Employees 53
Website www.mohawkgp.com