MNTN IPO News – Connected TV Adtech MNTN Prices IPO at 16 US dollars, the upper end of the area

Mnntn, which offers a targeted, performance-based adtech platform for networked television devices, collected $ 187 million by offering $ 16.7 million stocks (28% secondary level) to $ 16 to $ 16.

MNTN, Self-Serve Performance TV (PTV) software platform in Austin, TX, enables the marketers to combine the format of TV advertising with the skills of paid search and social advertising. The number of PTV customers reached 2,225 in 2024, which has corresponded to an annual growth rate of 73% since 2019, and the company believes that advertising on its platform has achieved a combined turnover of $ 27.1 billion for its customers. In 2021, Mntn acquired that the marketing company of Ryan Reynolds, the marketing of maximum efforts, became known, although Mntn recently reduced its original gunde. Reynolds remained as Chief Creative Officer from Mntn.

Mnntn from Greycroft supports and is the first US VC Technological IPO of the year (we exclude magnetar-supported CoreWeaven).

Mnntn plans to list the Nyse under the symbol Mntn. Morgan Stanley, Citi, Evercore ISI, Citizens JMP, Needham & Co., Raymond James and Susquehanna Financial acted as a common Bookrunners for the deal.