Greenlane Holdings, Inc.

Greenlane Holdings, Inc. (GNLN) priced its initial public offering on Apr 22, 2019 at $17.00 per share, raising $102M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $1.61B. TD Cowen was lead-left underwriter, joined by Canaccord Genuity, Ladenburg Thalmann and Roth Capital and others. Pryor Cashman advised the company and DLA Piper advised the underwriters.

Greenlane Holdings, Inc. distributes premium vaporization products and consumption accessories in the United States and Canada. Its customers include independent smoke shops, retail chains and licensed cannabis businesses, and it runs consumer e-commerce sites including VaporNation.com and VapeWorld.com.

Status

IPO

Ticker

GNLN

Exchange

Nasdaq Global Market

Priced

Apr 22, 2019

IPO price

$17.00

Raised

$102M

Market cap at IPO price

$1.61B

First filed

Mar 20, 2019

Underwriters

TD Cowen, Canaccord Genuity, Ladenburg Thalmann, Roth Capital and Northland

Company counsel

Pryor Cashman

Underwriters' counsel

DLA Piper

Sector

Consumer

Country / state

FL

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.