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Mobile app Viggle sets terms for $50 million NASDAQ listing

By: Renaissance Capital
Posted: 3/31/2014 9:07:00 AM
Referenced Stocks:

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.