Outbrain Inc. announces the price of its initial public offering
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NEW YORK, July 22, 2021 (GLOBE NEWSWIRE) – Outbrain Inc. (“Outbrain”), today announced the price of its initial public offering of 8,000,000 common shares at a public price of $ 20.00 per action. The gross proceeds of the Offering for Outbrain, before the deduction of underwriting discounts and commissions and offering fees, are expected to be approximately $ 160 million. The shares are expected to begin trading on the Nasdaq Global Market on July 23, 2021 under the symbol “OB”. The closing of the offer is scheduled for July 27, 2021, subject to customary closing conditions. In addition, the underwriters have been granted a 30-day option to pursue an additional 1,200,000 common shares of Outbrain at the initial public offering price, less subscription rebates and commissions.
Citigroup, Jefferies, Barclays and Evercore ISI are acting as associate bookrunners for the offering. JMP Securities, Needham & Company and LUMA Securities act as co-managers.
A registration statement relating to the Offer was declared effective by the Securities and Exchange Commission on July 22, 2021. The Offer is being made only by way of a prospectus. Copies of the final prospectus, when available, can be obtained from:
- Citigroup Global Markets Inc., c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by phone at (800) 831-9146 or by email at [email protected];
- Jefferies, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by phone at (877) 821-7388 or by email at [email protected];
- Barclays, c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by phone at (888) 603-5847 or by email at [email protected];
- Evercore Group LLC, Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by phone at (888) 474-0200 or by email at [email protected]
This press release does not constitute an offer to sell or a solicitation of an offer to buy such securities, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or jurisdiction.
Outbrain is a leading recommendation platform for the open web. Our technology enables one-third of online consumers globally to discover new things through recommendation feeds on their favorite media and connects advertisers with those audiences to grow their business. Outbrain partners with publishers and marketers in more than 55 countries around the world and is headquartered in New York City, with offices in 18 cities around the world.
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Source: Outbrain Inc.