IPO

The IPO said it engaged with major e-commerce stores to remove goods which infringed rights or were counterfit.

As I wrote prior to the IPO, it was taken public via a special purpose acquisition company, or SPAC, a process that was often employed to circumvent government rules for disclosures to investors.

The single biggest one is one we don’t control, which is when are the IPO markets going to be actually open and vibrant, and they’re not right now.

It plans to use net proceeds — which it estimated at $198 million assuming an IPO price of $88 — for general corporate purposes including working capital and capital expenditures.

I raised the most pertinent issues a few days before the IPO: The company had meager revenues and huge losses.