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

MNTN

22/05/2025 16:13

** 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;))