logo munafa.org.in

NEWS Gainers Losers
 Learn then Earn

 story : Zeta Global's downsized IPO priced at low end of expected range #FinanceUSA #StockMarketNEWS Zeta Global Holdings Corp. is set to go public Thursday, after the cloud-based marketing technology company's

@stockMarketNEWS 4 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Zeta Global's downsized IPO priced at low end of expected range #FinanceUSA #StockMarketNEWS
Zeta Global Holdings Corp. is set to go public Thursday, after the cloud-based marketing technology company's downsized initial public offering priced overnight, valuing the New York-based company at about .9 billion. The total offering of the IPO was 21.5 million shares, as the company sold 14.77 million shares and selling shareholders sold 6.73 million shares, compared with a previous filing in which the company was offering 15.62 million shares and selling shareholders were offering 7.11 million shares. The IPO priced at a share, compared with expectations of between and a share, as the company raised 7.7 million. The stock is expected to start trading on the NYSE under the ticker symbol "ZETA." Morgan Stanley, BofA Securities, Credit Suisse and Barclays are the lead underwriters. The company recorded a loss of .2 million on revenue of 8.1 million in 2020, after a loss of .5 million on revenue of 6.1 million in 2019. The company is going public at a time that the Renaissance IPO ETF has slipped 2.0% over the past three months while the S&P 500 has gained 8.2%.


Munafa USA Munafa India Munafa NSE


Report

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

 Learn then Earn
Back to top | Use Dark Theme