When Is PubMatic's IPO Date?
On Nov. 30, PubMatic announced the terms for its IPO. Has the ad tech platform’s IPO date been set?
Dec. 2 2020, Updated 9:55 a.m. ET
On Nov. 30, PubMatic revealed the terms for its IPO. The ad tech platform plans to raise about $100 million in the offering. The stock is set to debut on the Nasdaq under the ticker symbol “PUBM.” Has PubMatic’s IPO date been set?
PubMatic is a cloud infrastructure platform that enables advertising transactions. On Nov. 30, the company said that it's offering about 5.9 million shares in the price range of $16–$18 per share.
What is PubMatic?
PubMatic offers specialized cloud infrastructure services for the digital advertising industry. The company was founded in 2006 by Amar and Rajeev Goel along with Anand Das and Mukul Kumar. The company’s software connects publishers of websites, mobile apps, and videos with ad buyers through automated systems. In September 2020, the platform processed about 134 billion ad impressions each day.
PubMatic’s net revenue rose 16.4 percent in the first nine months of 2020 to $92.5 million. The company reported a net income of $7.8 million in the first nine months of 2020 compared to $2.5 million in the same period last year.
The global market for programmatic advertising, valued at an estimated $5.2 billion in 2020, is set to reach $33.7 billion in value by 2027, according to a 2020 research report by ResearchAndMarkets.
What is PubMatic’s IPO date?
Investors have been eager to know PubMatic’s IPO date since the company revealed its plans to go public in an SEC filing. The company hasn’t disclosed an IPO date yet. However, various reports suggest that the IPO could come as early as next week.
What is PubMatic's stock price and ticker symbol?
PubMatic stock will list on Nasdaq under the ticker symbol “PUBM.” The company plans to raise about $100 million in its IPO. PubMatic is offering as many as 5.9 million shares for $16–$18 per share. Jefferies, KeyBanc Capital Markets, RBC Capital Markets, JMP Securities, Oppenheimer & Co., and Raymond James are the listed underwriters for the offering.
PubMatic’s valuation
If PubMatic prices its IPO at the midpoint of the suggested range, the company would have a valuation of $953 million. The company was valued at about $264 million during the last funding round in 2015.
Who owns PubMatic?
PubMatic’s largest pre-IPO owners are Nexus India Capital (25.7 percent), Helion Venture Partners (18.8 percent), August Capital (15.9 percent), and Draper Fisher Jurvetson (9.1 percent).
To buy PubMatic stock when it lands on the Nasdaq, investors can open a stock trading account with online brokers like TD Ameritrade, Robinhood, SoFi Invest, and Vanguard.