Hour Loop (HOUR)

Sector - Technology

IPO Profile

About company

They are an online retailer engaged in e-commerce retailing in the U.S. market. They have operated as a third-party seller on www.amazon.com since 2013. They have also sold merchandise on their website at www.hourloop.com since 2013. They expanded their operations to www.walmart.com in October 2020. To date, they have generated practically all of their revenue as a third-party seller on www.amazon.com and only a negligible amount of revenue from their operations on their website at www.hourloop.com and as a third-party seller on www.walmart.com. They manage more than 100,000 stock-keeping units (“SKUs”). Product categories include home/garden décor, toys, kitchenware, apparels, and electronics. Their primary strategy is to bring most of their vendors product selections to the customers. They have advanced software that assists them in identifying product gaps so they can keep such products in stock year-round including the entirety of the last quarter (holiday season) of the calendar year (“Q4”). In upcoming years, they plan to expand their business rapidly by increasing the number of business managers, vendors and SKUs.
Industry
Retail - Internet & Mobile - Goods And Services
CEO CFO
-
Employees Founded
60 2013

Contacts

Address: Redmond, Wa

Web page: http://www.hourloop.com

IPO information

First Trade Date 1/7/2022
Status Priced
Exchange NASDAQ
Lockup Period Expiration .Pro
Quiet Period Expiration .Pro
Old Price Range
-
Share prices ($)
3
3
4
0
0
Price Low Price High Priced Open 1st day Close 1st day

Shares & Volumes

Shares Initial (MM) 2
Shares Revised (MM) 1.5
Expected offer amount (MM) $6
Realized offer amount(MM) $6

Financial Data (last reporting year)

Market Cap (MM) -
Revenues (MM) $52.58
Net Income (Loss) (MM) $4.86

Voting

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The lead left underwriter: EF Hutton

IPOs led by the firm .Pro
Profitability of conducted IPOs  ?  .Pro
1st day change  ?  .Pro
Change for the first 3 months  ?  .Pro
Underwriters
EF Hutton
CO-Managers

Sector: Technology

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