MNTN Shares Rally in Debut After IPO Prices at High End of Range

Dow Jones

05-23

By Josh Beckerman

Shares of MNTN were up 49% in their market debut on New York Stock Exchange Thursday after the company's initial public offering priced at the high end of its expected range.

The stock opened at $21 and was recently at $23.89.

MNTN, a software platform for connected TV advertising, said Wednesday that the 11.7 million-share IPO priced at $16 each. The expected range was $14 to $16.

Qualcomm had a pre-IPO stake of about 15.3%.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

May 22, 2025 13:37 ET (17:37 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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