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Ad tech company Criteo sets terms for $176 million IPO

October 10, 2013

Criteo, which is a leading global pay-per-click performance display advertising company, announced terms for its IPO on Thursday. The Paris, France-based company plans to raise $176 million by offering 7.2 million shares at a price range of $23 to $26. At the midpoint of the proposed range, Criteo would command a fully diluted market value of $1.5 billion.

Criteo, which was founded in 2005 and booked $471 million in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol CRTO. Criteo initially filed confidentially on May 31, 2013. J.P. Morgan, Deutsche Bank and Jefferies are the joint bookrunners on the deal.