PubMatic (PUBM) IPO Opens 26% Higher

Today's IPO for PubMatic, Inc. (NASDAQ: PUBM) opened for trading at $25.12 after pricing 5,900,000 shares of Class A common stock at a price to the public of $20.00 per share. PubMatic is offering 2,655,000 shares and certain selling stockholders are offering 3,245,000 shares.

Jefferies LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the proposed offering. JMP Securities LLC, KeyBanc Capital Markets, Oppenheimer & Co. Inc., and Raymond James & Associates, Inc. are acting as co-managers for the proposed offering.

PubMatic delivers superior revenue to publishers by being an SSP of choice for agencies and advertisers. PubMatic’s cloud infrastructure platform for digital advertising empowers app developers and publishers to increase monetization while enabling media buyers to drive return on investment by reaching and engaging their target audiences in brand-safe, premium environments across ad formats and devices. Since 2006, PubMatic has been expanding its owned and operated global infrastructure and continues to cultivate programmatic innovation. Headquartered in Redwood City, California, PubMatic operates 14 offices and eight data centers worldwide.

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