IPOS - Content recommendation platform Outbrain prices 8M-share IPO below range at $20

Athitat Shinagowin/iStock via Getty Images Outbrain (OB) has priced its IPO of 8M shares of common stock at $20.00/share, for expected gross proceeds of ~$160M. The company initially filed to offer 8M shares at a price range of $24-$26. Trading kicks off July 23. Underwriters' over-allotment is an additional 1.2M shares. Closing date is July 27. Citigroup, Jefferies, Barclays, and Evercore ISI are acting as joint bookrunners. Outbrain is a recommendation platform for the open web. Its technology enables one-third of the world's online consumers to discover new things through recommendation feeds on their favorite media and connects advertisers to these audiences to grow their business. Outbrain partners with publishers and marketers in more than 55 countries worldwide and is headquartered in New York City, with offices in 18 cities worldwide. Below is a glance at company's Q1 2021 financial performance. Seeking Alpha contributor Donovan Jones did a deep dive

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Content recommendation platform Outbrain prices 8M-share IPO below range at $20