DSP News

Between poor returns and the normal February lull, the IPO pipeline has been relatively quiet. This week, a digital advertising firm broke the silence with the month’s first US IPO filing. Dubai-based Aleph Group (ALEF) filed on Monday for a deal we estimate could raise up to $300 million, the first issuer to file for a $100+ million US IPO in several...read more

The IPO frenzy continued this past week as 17 IPOs and 26 SPACs entered the public market. Headlining the week were dating app Bumble (BMBL), which completed the year's largest deal so far, and Chinese cloud services provider Cloopen Group (RAAS), which bagged the biggest pop of 2021 to date. Bumble (BMBL) priced further...read more

Viant Technology, which provides programmatic advertising software, raised $250 million by offering 10 million shares at $25, above its previously revised range of $22 to $24. The company offered 1.5 million more shares than anticipated. It originally filed to offer 7.5 million shares at a range of $19 to $21 before increasing the deal size on Monday. At pricing, the company...read more

Viant Technology, which provides programmatic advertising software, raised the proposed deal size for its upcoming IPO on Monday. The Irvine, CA-based company now plans to raise $196 million by offering 8.5 million shares at a price range of $22 to $24. The company had previously filed to offer 7.5 million shares at a range of $19 to $21. At the midpoint of the revised range,...read more