founders secondary offering scrapped
BUZZ-Viant Technology bounces after co-founders secondary offering scrapped ** Advertising tech firm Viant Technology's DSP.O shares up 8.8% at $10.90 before the bell on Fri after secondary offering pulled
** Irvine, California-based Viant says it and a stockholder decided to withdraw 8.5 mln share offering due to current market conditions, per an SEC filing
** DSP shares finished down 19% on Thurs, suffering their steepest decline since Mar 4, 2025, after co late Weds launched offering by an entity tied to Viant co-founders and brothers Tim, Chris and Russ Vanderhook
** At Thurs close, DSP shares down ~17% YTD
** All 11 analysts covering the stock are bullish; median PT $19, per LSEG data
** Viant IPOd in 2021 at $25
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))