Citigroup, Deutsche Bank are bookrunners; Barclays and Needham assist
By Devika Patel
Knoxville, Tenn., Aug. 7 - YuMe, Inc. priced its $46.13 million initial public sale of stock with a $6.92 million greenshoe in an FWP filed Wednesday with the Securities and Exchange Commission. The deal was announced on July 2.
The company will sell 5,125,000 common shares at $9.00 per share.
Citigroup and Deutsche Bank Securities are the joint bookrunning managers.
Proceeds will be used for general corporate purposes, including working capital.
The provider of digital video brand advertising services is based in Redwood City, Calif. The company expects its common stock to trade on the NYSE exchange under the symbol "YUME."
| Issuer: | YuMe, Inc.
|
| Issue: | Common stock
|
| Amount: | $46,125,000
|
| Greenshoe: | $6,918,750
|
| Shares: | 5,125,000
|
| Price: | $9.00
|
| Warrants: | No
|
| Bookrunners: | Citigroup and Deutsche Bank Securities
|
| Co-managers: | Barclays, Needham & Co. and Piper Jaffray
|
| Announcement date: | July 2
|
| Pricing date: | Aug. 7
|
| Stock exchange: | NYSE: YUME
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
