Knorex, a Singapore-based provider of programmatic advertising software, raised $12 million by offering 3 million shares at $4.00, the low end of the range of $4.00 to $5.50. At pricing, the company commands a market cap of $122 million.
Knorex is a B2B technology company specializing in providing programmatic advertising software to marketers to streamline and automate their advertising and marketing workflows. Its flagship product, Knorex XPOSM, is a self-service enterprise-grade, AI/ML-powered cloud platform with a comprehensive suite of advertising management and execution (AMX) applications. Since its inception, the company has expanded to the US, which has become its largest market, as well as Vietnam, India, and Malaysia.
Knorex plans to list on the NYSE American under the symbol KNRX. Craft Capital Management acted as sole bookrunner on the deal.
