Business & Tech

Redwood City Ad-Tech Firm Files For IPO

PubMatic filed an IPO to raise $75 million, Silicon Valley Business Journal reports.

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PubMatic’s move to go public comes amid speculation that ad-tech companies would file IPOs, ADWEEK reports.
PubMatic’s move to go public comes amid speculation that ad-tech companies would file IPOs, ADWEEK reports. (Courtesy of Tim Lee)

REDWOOD CITY – A Redwood City ad-tech firm is going public.

PubMatic announced in a news release Friday the company’s intention to “list its ordinary shares on the Nasdaq Global Market under the ticker symbol ‘PUBM.’ ’’

The company filed an IPO to raise $75 million, Silicon Valley Business Journal reports.

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PubMatic’s move to go public comes amid speculation that ad-tech companies would file IPOs, ADWEEK reports.

Other ad-tech companies that have filed IPOs are The Trade Desk, Magnite, Criteo and LiveRamp according to the ADWEEK report.

Find out what's happening in Redwood City-Woodsidefor free with the latest updates from Patch.

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