15th Jul 2021 20:28
Tremor International Ltd - Tel Aviv-based advertising technology - Announces that the underwriters in the company's offering of American Depository shares will exercise their full over-allotment option.
The underwriters have purchased an additional 1.0 million ADSs at the offering price of USD19.00, raising an additional USD19.3 million for Tremor and bringing the total gross proceeds of the offering to USD147.9 million.
In June, Tremor priced its Nasdaq Global Market initial public offering of 6.8 million American Depositary shares, representing 13.5 million shares at a price of USD19.00.
The total issued shared capital for Tremor is now 151.8 million shares.
RBC Capital Markets and Stifel acted as lead book-running managers for the offering. JMP Securities, Needham & Company and Raymond James are as co-managers for the offering.
Current stock price: 730.00 pence
Year-to-date change: up 86%
By Aidan Lane; [email protected]
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