Mobile app Viggle sets terms for $50 million NASDAQ listing


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Viggle, a mobile app that rewards viewers for watching their favorite shows, announced terms for NASDAQ listing on Monday. The New York, NY-based company, which currently trades on the OTC market under the ticker VGGL, plans to list on the NASDAQ and raise $50 million by offering 2.1 million shares at $23.50 per share. At the proposed share price, Viggle would command a market value of $270 million.

Viggle, which was founded in 2012 and booked $17 million in sales for the year ended December 31, 2013, plans to list on the NASDAQ under the symbol VGGL. Ladenburg Thalmann & Co. is the sole bookrunner on the deal.

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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