We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Consumer Products Biz Mohawk Disappoints With $36M IPO

Law360 (June 12, 2019, 5:20 PM EDT) -- The Mohawk Group, an artificial intelligence-oriented consumer products company, made its market debut Wednesday with shares priced well below the low end of its range in a $36 million initial public offering steered by Paul Hastings.

Private equity-backed Mohawk Group Holdings Inc.'s offering consists of 3.6 million shares at $10 apiece, surpassing an initially anticipated 3.3 million offer but missing its target of $14 to $16 per share. Taking into account the 540,000 additional shares the underwriters have an option to buy, Mohawk's IPO could raise as much as $41.4 million.

Headquartered in New York, Mohawk is a provider of consumer products, including...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS