LMP Automotive Holdings (NASDAQ: LMPX), an e-commerce platform for buying, selling and financing used cars, recently announced the closing of their $13.2 million initial public offering ("IPO") on Nasdaq. The funds raised will be used to enable LMP to strategically plan their growth and other operations. ThinkEquity served as the lead manager on the deal.
Corporate partner Ali Panjwani, who represented LMP Automotive Holdings in the IPO, noted that "the deal was a total team effort in a pretty tight timeframe to make it happen. And everyone - LMP, ThinkEquity and internal folks - was fully aligned...it was a very smooth closing and process."
The deal was reported in numerous outlets, including Yahoo! and Seeking Alpha, among others.
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