Viant Technology drops after unveiling secondary offering

Wells Fargo & Company

16/09/2026 22:36

** Advertising tech firm Viant Technology's DSP.O shares down 20.2% at $9.87 post-market after secondary offering unveiled
** Major holder Capital V LLC, tied to Viant founders Tim, Chris and Russ Vanderhook, to offload 8.5 mln shares, per the prospectus filing
** Evercore, Wells Fargo, RBC and Craig-Hallum are bookrunners
** DSP has ~66.5 mln shares outstanding for about $820 mln market cap
** Stock closed down 1.8% at $12.37 on Weds. Shares have risen ~13% over the past three months, putting them up ~3% YTD
** All 11 analysts covering the stock are bullish; median PT $19, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))