Marpai, Inc.

Marpai, Inc. (MRAI) priced its initial public offering on Oct 28, 2021 at $4.00 per share, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $73.3M. ThinkEquity was lead-left underwriter. Loeb & Loeb advised the company and Blank Rome advised the underwriters.

Marpai, Inc. administers healthcare claims for self-insured employers, positioning itself as a healthcare payer for those clients. It serves the employers, their employees who receive benefits, and healthcare providers such as doctors, hospitals and clinics.

Status

IPO

Ticker

MRAI

Exchange

Nasdaq Capital Market

Priced

Oct 28, 2021

IPO price

$4.00

Market cap at IPO price

$73.3M

First filed

Jul 20, 2021

Underwriters

ThinkEquity

Company counsel

Loeb & Loeb

Underwriters' counsel

Blank Rome

Sector

Healthcare

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.