2023-05-09 17:13:41 ET
- Integral Ad Science ( NASDAQ: IAS ) said on Tuesday that its selling stockholders plan to offer 10 million shares of the company in a secondary public offering.
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Investment funds affiliated with Vista Equity Partners are the selling stockholders in the offering.
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The selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1.5 million shares.
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IAS is not offering any shares of common stock in this offering and will not receive any proceeds.
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Morgan Stanley and Jefferies are acting as joint book-running managers and representatives of the underwriters for the proposed offering.
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Integral Ad Science says selling stockholders plan on offering 10M shares