Hour Loop, Inc

Hour Loop, Inc (HOUR) priced its initial public offering on Jan 7, 2022 at $4.00 per share, raising $6M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $139.2M. Benchmark was lead-left underwriter. Anthony L.G. advised the company and Pryor Cashman advised the underwriters.

Hour Loop, Inc. is an online retailer in the U.S. market that has sold as a third-party seller on Amazon since 2013. It also sells on its own website and on Walmart.com and manages more than 100,000 stock-keeping units.

Status

IPO

Ticker

HOUR

Exchange

Nasdaq Capital Market

Priced

Jan 7, 2022

IPO price

$4.00

Raised

$6M

Market cap at IPO price

$139.2M

First filed

Oct 28, 2021

Underwriters

Benchmark

Company counsel

Anthony L.G.

Underwriters' counsel

Pryor Cashman

Sector

Consumer

Country / state

WA

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