LMP Automotive Holdings, Inc.

LMP Automotive Holdings, Inc. (LMPX) priced its initial public offering on Dec 6, 2019 at $5.00 per share, within its $5.00–$6.00 range, raising $11.5M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $41.5M. ThinkEquity was lead-left underwriter. Pryor Cashman advised the company and McGuireWoods advised the underwriters.

LMP Automotive Holdings, Inc. is a Delaware holding company, founded by Samer Tawfik, with a consumer brand focused on pre-owned automobiles. It markets the LMP brand through brand-building and direct response channels, locally and nationally.

Status

IPO

Ticker

LMPX

Exchange

Nasdaq Capital Market

Priced

Dec 6, 2019

IPO price

$5.00

Price range

$5.00–$6.00

Raised

$11.5M

Market cap at IPO price

$41.5M

First filed

Jun 18, 2019

Underwriters

ThinkEquity

Company counsel

Pryor Cashman

Underwriters' counsel

McGuireWoods

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.