Marketing analytics provider Cardlytics sets terms for $76 million IPO

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Cardlytics, which provides marketing analytics to advertisers based on consumer payment activity, announced terms for its IPO on Monday.

The Atlanta, GA-based company plans to raise $76 million by offering 5.4 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Cardlytics would command a fully diluted market value of $285 million.

Cardlytics was founded in 2008 and booked $128 million in sales for the 12 months ended September 30, 2017. It plans to list on the Nasdaq under the symbol CDLX. BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities and SunTrust Robinson Humphrey are the joint bookrunners on the deal. It is expected to price during the week of February 5, 2018.

The article Marketing analytics provider Cardlytics sets terms for $76 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, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , 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.

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