Viant Boosts Size of IPO

Digital advertising tech company Viant Technology Inc. in Irvine said it has increased the size of its public offering to 8.5 million shares of Class A stock and boosted the pricing range from $22 to $24.

Viant previously said it planned to sell 7.5 million shares with a price range of $19 to $21. The company expects to raise about $200 million and start trading on the Nasdaq with the ticker DSP.

The approximate date of the IPO start will be “as soon as practicable” after the updated registration with the Securities and Exchange Commission becomes effective.

“At the midpoint of the revised range, Viant Technology will raise 30% more in proceeds than previously anticipated, commanding a market value of $1.5 billion,” Renaissance Capital said today.

Viant’s technology lets clients target potential consumers more effectively.

For further details on the Viant IPO, please see the print edition of Feb. 15.