initial public offerings (IPOs) trading on American exchanges

Friday, May 19, 2017

Veritone (VERI) began trading on Nasdaq on 12 May 2017

  • The California-based artificial intelligence player raised $37.5M, pricing its 2.5M share IPO in the middle of the hoped-for $14-$16 range.
  • The company has developed an aggregated platform of mostly third-party video and audio analysis engines and is controlled by CEO Chad Steelberg and President Ryan Steelberg, who are brothers and together own 74% of company stock pre-IPO.
  • The company is changing its focus from its legacy media business to a new "AI Platform" composed of mostly third-party technologies.






Key stats and ratios

Q4 (Dec '16)2016
Net profit margin-362.13%-302.76%
Operating margin-293.77%-266.86%
EBITD margin--265.17%
Return on average assets-133.04%-106.61%
Return on average equity--
Employees150

Address

3366 Via Lido
NEWPORT BEACH, CA 92663-3907
United States

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