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Trade Desk to price IPO shares at $15

By   /   Wednesday, September 7th, 2016  /   Comments Off on Trade Desk to price IPO shares at $15

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Shares of The Trade Desk are expected to price at $15 when the company holds its initial public offering later this month.

The Trade Desk, based in Ventura, said in regulatory filings with the Securities and Exchange Commission dated Sept. 6 that the company expects each of its 4.7 million shares offered to price between $14 and $16 per share and that the company expects to raise about $61.1 million in the offering.

The Trade Desk first filed documents with the SEC indicating its plans to go public on Aug. 22. If completed, the offering will be the fourth tech IPO to be held in the region in the last four years.

• Contact Philip Joens at [email protected]

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