Veritone, Inc., a leading provider of artificial intelligence (AI) analytics and cognitive solutions, today announced the closing of its initial public offering of 2,500,000 shares of common stock at a price to the public of $15.00 per share.
Veritone received total net proceeds, after deducting estimated underwriting discounts and commissions and estimated offering expenses, of approximately $33.0 million. Veritone currently intends to use the net proceeds from this offering for working capital and other general corporate purposes, including funding Veritone’s growth strategies.
Veritone’s common stock commenced trading on the NASDAQ Capital Market on May 12, 2017, under the ticker symbol “VERI.” On Monday, May 15, 2017, Veritone’s common stock commenced trading on the NASDAQ Global Market.
For contacts and more information: Press Release Veritone, Inc. 05/18/2017