Veritone Raises $37.5 Million In Initial Public Offering

By Caitlin HustonMarketsMarketWatch Pulse

Veritone Inc. , a cloud-based artificial intelligence provider, priced its initial public offering at $15 a share Friday to raise $37.5 million. It sold 2,500,000 million shares and has granted the underwriters a 30-day option to buy an additional 375,000 shares. The shares are scheduled to begin trading Friday on the Nasdaq Capital Market, Nasdaq's smaller-cap market. Wunderlich is the sole book-running manager of the offering.

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