(Bloomberg) – Mntn Inc., a related TV advertising platform that considers the Hollywood star Ryan Reynolds to its main creative director, has applied for an initial public offer, showing the growth of revenue and narrowing of losses.
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A company that provides advertising software that helps brand brand promoting campaigns on connected TVs offers new shares in IPOs as they will sell shareholders, according to a submission with the US Securities Commission on Friday. The proposed conditions for the list will be discovered in the later submission of the application, when the insurers are set to start the marketing of the shares.
The company had a net loss of $ 32.9 million from a revenue of about $ 226 million for 2024, compared to a net loss of $ 53.3 million from a $ 176 million revenue a year earlier, the application is submitted.
His TV platform Mntn performance offers a package of targeting, measurements and automated optimization technologies, the website states.
The company acquired Reynolds’s creative agency of maximum effort in 2021. The terms of that agreement were not published.
Mntn will join what was stronger the beginning of the year for the US IPO, although more modest than the bankers predicted, and 58 companies raised $ 9.8 billion this year, and the information composed by the Bloomberg Show.
In 2021, MNTN raised $ 119 million in a series D Financing with a co-driven funds and accounts operated by Blackrock Inc. and Fidelity Management & Research CO., who have invested about $ 110 million together, the said at the time.
The water offer Morgan Stanley, Citigroup Inc. and Evercore Inc. The company plans to trade its shares on the New York Stock Exchange under the symbol of Mntn.
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