MNTN, Inc. (“MNTN”), a leading technology platform bringing performance marketing to Connected TV (CTV), has officially priced its initial public offering (IPO) at $16.00 per share. The company will offer 11.7 million shares of Class A common stock and is set to begin trading on the New York Stock Exchange under the ticker symbol “MNTN” starting May 22, 2025.
Highlights
- Offering Structure
- Total Shares: 11,700,000 Class A shares
- Offered by MNTN: 8,400,000 shares
- Offered by Existing Shareholders: 3,300,000 shares
- Over-Allotment Option: 1,755,000 additional shares available to underwriters
- IPO Price
The offering is priced at $16.00 per share, valuing the deal at approximately $187 million, excluding the over-allotment option. - Stock Exchange & Ticker
MNTN will trade under the ticker symbol “MNTN” on the New York Stock Exchange (NYSE) starting May 22, 2025. - Closing Date
The offering is expected to close on May 23, 2025, pending customary conditions. - Use of Proceeds
MNTN will receive proceeds from the shares it offers, while shares sold by existing stockholders will not generate proceeds for the company. - Lead Bookrunners
- Morgan Stanley
- Citigroup
- Evercore ISI
- Additional Participants
Citizens Capital Markets & Advisory, Needham & Company, Raymond James, Susquehanna Financial Group, Loop Capital Markets, and Tigress Financial Partners.
MNTN’s IPO marks a significant milestone as it continues to transform the Connected TV advertising landscape with a performance-first approach. The public debut provides new capital to expand its technology and reach while giving early investors a liquidity opportunity.
