Company Teads, spun off from Altice to offer advertisers and publishers a digital advertising platform, announced the withdrawal of the application for IPO. Initially, the company applied for 751 million dollars, releasing 38,5 million shares (100% insider) at a price from 18 to 21 dollar, however, postponed the placement of shares at the end of July.
Teads offers a comprehensive cloud platform, which enables a globally controlled ecosystem of advertisers, their agencies and publishers place programmatic digital advertisements. The company operates in the internet ecosystem, outside of any advertising platforms, including Facebook and Google. As of April 2021 of the year, the company's clients had the opportunity to reach 1,9 billion unique users per month.
Company headquartered in Amsterdam, Netherlands, was founded in 2006 year, and for 12 Months, ended 31 Martha 2021 of the year, its sales proceeds amounted to 571 million dollars. The company plans to list on the stock exchange Nasdaq under the ticker TEAD. Goldman Sachs were to become the joint organizers of the share issue, Morgan Stanley, J.P. Morgan, BNP Paribas and Citi.