Represented Wunderlich Securities, Inc. as the sole book-running manager in the SEC-registered initial public offering of common stock of Veritone, Inc. Craig-Hallum Capital Group, LLC and Northland Securities, Inc. acted as co-managers. The initial public offering price was $15.00 per share, resulting in net proceeds to Veritone of approximately $33.0 million. Veritone, a company that provides artificial intelligence (AI) analytics and cognitive solutions, intends to use the net proceeds from the offering for working capital and other general corporate purposes, including funding its growth strategies. Read the press release.
The Newport Beach-based team representing Wunderlich included Ryan C. Wilkins, Jason Lee and Peter Hong.