Ad tech company Criteo increases range to $27 to $29, deal size is now $202 million


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Criteo, a global online display ad retargeting company with over 4,000 clients, raised the proposed deal size for its upcoming IPO on Monday. The Paris, France-based company now plans to raise $202 million by offering 7.2 million shares at a price range of $27 to $29. The company had previously filed to offer the same number of shares at a range of $23 to $26. At the midpoint of the revised range, Criteo would raise 14% greater proceeds than previously anticipated.

Criteo, which was founded in 2005 and booked $459 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. It is expected to price during the week of October 28, 2013.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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