Video ad firm Tubemogul to raise US$82.9m in public offering

Tubemogul, a firm that provides an enterprise software platform for digital video advertising, is raising US$82.9 million (€73.5 million) through a public share offering. 

The firm announced the pricing this week of its public offering of 5.26 million shares of common stock at a public price of US$15.75 per share.

“TubeMogul is offering 3,500,000 shares and certain selling stockholders are offering 1,763,246 shares. In addition, TubeMogul granted the underwriters a 30-day option to purchase up to 789,486 additional shares of common stock,” the firm said.