Marpai (MRAI) IPO Opens Modestly Higher

Today's IPO for Marpai, Inc. (Nasdaq: MRAI) opened for trading at $4.38 after pricing 6,250,000 shares of its common stock at a public offering price of $4.00 per share.

ThinkEquity is acting as sole book-running manager for the offering.

Marpai is an AI-driven health tech company transforming third party administration in the self-funded market by deploying deep learning, an advanced form of artificial intelligence, to radically reduce costs, improve lives and simplify everything. Marpai predicts near-term health challenges to prevent illness, guides members to top quality providers for best outcomes and uses SMART automation to create efficiencies and make it easy for members to take better care of their health. Operating nationwide in serving over 60 self-funded companies and over 40,000 members, Marpai works with world class provider networks including Aetna and Cigna and partners with brokers and consultants across the U.S.

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