Advertising software company Viant Technology Inc. in Irvine has set an expected price range of $19 to $21 per share in its initial public offering, indicating the company could have a market value of around $1.2 billion to $1.3 billion.
The company plans to offer 7.5 million shares of class A common stock for sale in the IPO.
“At the midpoint of the proposed range, Viant Technology would command a fully diluted market value of $1.3 billion,” Renaissance Capital said today. MarketWatch said Viant could have a market value of almost $1.2 billion.
Viant on Jan. 15 filed a registration statement with the Securities and Exchange Commission to go public via an initial public offering, and set a placeholder value of $150 million as the amount it aims to raise.
“The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed,” Viant said today.
