C3.ai on IPO, Using Nvidia GPUs and Competitive Strengths

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C3.ai  (AI) - Get Report went public on Wednesday, Dec. 9. 

The company had priced at 442 a share on Tuesday night, but opened for public trading at $100 a share.

Before Tuesday, the company had been estimated to price between $36 to $38.

“Our market-entry strategy has been to establish high-value customer engagements with large global early adopters, or lighthouse customers, in Europe, Asia, and the U.S. across a range of industries,” the company said in its IPO prospectus.

And, when it comes to risks, “a limited number of customers have accounted for a substantial portion of our revenue,” C3.ai said. “If existing customers do not renew their contracts with us, … our revenue could decline.” 

CEO Tom Siebel joined TheStreet to discuss the company's trading debut, its use of Nvidia GPU's and its biggest competitive strengths in comparison to rivals.

You can follow Katherine Ross on Twitter at @byKatherineRoss.

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