Tremor International Ltd, an advertising software provider, has filed Amendment No 2 to Form F-1 Registration Statement on June 14, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $150 million by offering 6.8 million shares at a price of $22.17. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $1.7 billion.
The company is a global company offering an end-to-end software platform that enables advertisers to reach relevant audiences and publishers to maximize yield on their digital advertising inventory. They deliver impactful brand stories to target audiences through digital ad technology and advanced audience data.
The Tel Aviv, Israel-based company was founded in 2007 and booked $244 million in sales for the 12 months ended March 31, 2020. It plans to list on the Nasdaq Global Market under the symbol “TRMR.” RBC Capital Markets, Stifel, JMP Securities, Needham & Co., and Raymond James are underwriters of the IPO.
The company engages Latham & Watkins LLP as US Securities Counsel, and KPMG International as Independent Auditor.
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