Health tech firm Marpai jumps premarket after IPO pop

Marpai

28/10/2021 12:42

** Shares of artificial intelligence (AI)-driven health tech
co  MRAI.O  gains 12.84% to $5.36 premarket, a day after its
Nasdaq  .NDX  debut 
    ** Stock on Weds closed at $4.75, ~19% above $4 IPO price
after co raised $25 mln by selling 6.25 mln shares  urn:newsml:reuters.com:*:nASA02OLQ
    ** MRAI plans to use 50% of net offering proceeds to fund
R&D, including not only hiring new AI scientists but also
acquiring data from third parties, co said in its S1 filing
    ** Co predicts near-term health challenges to prevent
illnesses, guides members to providers; works with networks
including Cigna  CI.N , Aetna 
    ** Over 1.6 mln shares have traded so far on Thurs

 (Reporting by Anisha Sircar and Lance Tupper)
 ((Anisha.Sircar@thomsonreuters.com))