ConversionPoint Holdings (CPTI) to Raise $40 Million in IPO

ConversionPoint Holdings (CPTI) plans to raise $40 million in an IPO on Tuesday, May 14th, IPO Scoop reports. The company will be issuing 6,200,000 shares at a price of $6.00-$7.00 per share.

In the last year, ConversionPoint Holdings generated $113.1 million in revenue and had a net loss of $44.2 million. ConversionPoint Holdings has a market-cap of $183 million.

Oppenheimer and GMP Securities acted as the underwriters for the IPO and D.A. Davidson & Co. was co-manager.

ConversionPoint Holdings provided the following description of their company for its IPO: ”  Upon completion of this offering and the mergers described below, we expect our business will be comprised of the collective businesses of ConversionPoint and Inuvo. We will be a newly-combined technology company with a mission to provide a first-party data driven, end-to-end, AI-powered e-commerce platform not previously available to SMBs. We expect that this collective business will consist, in part, of ConversionPoint’s enterprise grade e-commerce technology, which currently is used to support over 100 premium online retailers and which harnesses first-party data from from over a billion shoppers per month and billions of consumer interactions across over 860 brands to create optimized product experiences, and Inuvo’s market leading AI-powered advertising platform and first party data engine currently used to create the industry’s most accurate, real-time view of highly specific and custom audiences. “.

ConversionPoint Holdings was founded in 2018 and has 85 employees. The company is located at 840 Newport Center Drive, Suite 450, Newport Beach, CA 92660, US and can be reached via phone at (888) 706-6764 or on the web at http://www.conversionpoint.com.

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