Content creator PCI Media sets terms for $18 million IPO

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PCI Media, a producer of animated television commercials and other digital media, announced terms for its IPO on Thursday.

The Venice, CA-based company plans to raise $18 million by offering 2.5 million shares at a price range of $6 to $8. At the midpoint of the proposed range, PCI Media would command a fully diluted market value of $53 million.

PCI Media was founded in 2018 and booked $58 million in sales for the 12 months ended March 31, 2019. It plans to list on the Nasdaq under the symbol PCIM.U. Roth Capital is the sole bookrunner on the deal. The pricing date is yet to be set.

The article Content creator PCI Media sets terms for $18 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

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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