Deal sells common shares at $10.00 each with $11.25 million greenshoe
By Devika Patel
Knoxville, Tenn., June 27 - Tremor Video, Inc. said it priced its $75 million initial public offering of stock with an $11.25 million greenshoe.
The company will sell 7.5 million common shares at $10.00 per share.
Tremor expects the shares to trade on the NYSE exchange under the symbol "TRMR." The deal was announced May 23.
Credit Suisse Securities (USA) LLC and Jefferies LLC are the joint bookrunning managers.
Settlement is expected for July 2.
Proceeds will be used for general corporate purposes.
The New York company is a provider of technology-driven video advertising solutions enabling brand advertisers to engage consumers across multiple internet-connected devices including computers, smartphones, tablets and connected TVs.
| Issuer: | Tremor Video, Inc.
|
| Issue: | Common stock
|
| Amount: | $75 million
|
| Greenshoe: | $11.25 million
|
| Shares: | 7.5 million
|
| Price: | $10.00
|
| Warrants: | No
|
| Bookrunners: | Credit Suisse Securities (USA) LLC and Jefferies LLC
|
| Co-managers: | Canaccord Genuity Inc. and Oppenheimer & Co. Inc.
|
| Announcement date: | May 23
|
| Pricing date: | June 26
|
| Settlement date: | July 2
|
| Stock exchange: | NYSE: TRMR
|
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