The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Mobile Marketer Velti Files To Raise Up To $200 Million In U.S. IPO

  • Comments Comments (View)
  • Text Size: A A

Mobile marketing firm Velti has filed to raise up to $200 million in a U.S. IPO. The company, which provides a platform advertisers use to manage their mobile ad camapaigns, says it will use the proceeds to pay back all of its $39 million in debt, as well as for “general corporate purposes.”

SEE ALSO: Velti To Raise $17 Million in IPO on AIM

Velti has been trading on the AIM stock exchange in London for four years, so its financial status was already known. (It raised $17 million in its IPO there in 2006). The company’s F-1 filing does however provide some updates: Its revenue was $90 million last year, up from $62 million in 2008. Net income was $6.2 million, compared to a $6.2 million loss in 2008. And Velti paid $3.6 million for Ad Infuse, the U.S.-based mobile ad startup it purchased a year ago.

Velti expects to trade under the symbol VELT on the Nasdaq stock market. The offering is being underwritten by Needham & Co., RBC Capital Markets, Canaccord Genuity, and ThinkEquity.

May 17, 2010 5:20 PM ET

UK Mobile Ad Agency Velti


Posted In: Advertising, Mobile, Money, IPO, velti

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

YouTube Music Videos YouTube Music Videos
. Llamada De Mi Ex
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff