On-demand ad management firm Marin Software sets terms for $84 million IPO

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Marin Software, which provides a cloud-based digital ad management platform, announced terms for its IPO on Monday. The San Francisco, CA-based company plans to raise $84 million by offering 7 million shares at a price range of $11 to $13. At the midpoint of the proposed range, Marin Software would command a fully diluted market value of $399 million. Marin Software, which was founded in 2006 and booked $60 million in sales for the 12 months ended 12/31/2012, plans to list on the NYSE under the symbol MRIN. Goldman Sachs and Deutsche Bank are the joint bookrunners on the deal.



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Referenced Stocks: MRIN

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