BUZZ-Adtech firm MNTN poised to jump in NYSE debut after $187 million IPO

Reuters

2025/05/22

** MNTN, an advertising platform for internet-connected TVs which has Ryan Reynolds as its chief creative officer, set to open up to 25% above offer price in their New York Stock Exchange debut on Thursday

** Stock recently indicated to open between $18-$20 vs $16 IPO price

** MNTN and some existing investors sold 11.7 million shares at the top end of the marketed range of $14 to $16 to raise $187.2 million

** Morgan Stanley, Citigroup and Evercore ISI were the lead book-running managers for the offering

** Asset management giant BlackRock BLK.N had indicated on buying up to $30 million worth of MNTN stock in the offering

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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23:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Adtech firm MNTN poised to jump in NYSE debut after $187 million IPO</title></head><body><p>** MNTN, an advertising platform for internet-connected TVs which has Ryan Reynolds as its chief creative officer, set to open up to 25% above offer price in their New York Stock Exchange debut on Thursday</p><p>** Stock recently indicated to open between $18-$20 vs $16 IPO price</p><p>** MNTN and some existing investors sold 11.7 million shares at the top end of the marketed range of $14 to $16 to raise $187.2 million</p><p>** <a href=\"https://laohu8.com/S/MSPQL\">Morgan Stanley</a>, Citigroup and <a href=\"https://laohu8.com/S/EVR\">Evercore</a> ISI were the lead book-running managers for the offering</p><p>** Asset management giant BlackRock <span>BLK.N</span> had indicated on buying up to $30 million worth of MNTN stock in the offering</p><p>(Reporting by Arasu Kannagi Basil in Bengaluru)</p><p>((ArasuKannagi.Basil@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1989772923.USD","symbol_name":"CPR Invest - Climate Action A2 Acc USD-H","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250522:nL6N3RU0P4:1","article_id":"2537928894","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537928894","pubTimestamp":1747926839,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Adtech firm MNTN poised to jump in NYSE debut after $187 million 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