Teads, a spin-off of Altice's programmatic ad platform for advertisers and publishers, postponed its IPO on Thursday. It had filed to raise $751 million by offering 38.5 million shares (100% secondary) at a price range of $18 to $21.
The Amsterdam, Netherlands-based company was founded in 2006 and booked $571 million in sales for the 12 months ended March 31, 2021. It had planned to list on the Nasdaq under the symbol TEAD. Goldman Sachs, Morgan Stanley, J.P. Morgan, BNP Paribas, and Citi were set to be the joint bookrunners on the deal.
