Outbrain Prices IPO Below Expected Range; Trading Begins Today

by Anusuya Lahiri, Benzinga Editor
July 23, 2021 7:53 AM | 25 seconds read |
  • Open web recommendation platform Outbrain Inc OB priced 8 million shares at $20 per share in its initial public offering.
  • It earlier expected to price its IPO at $24 to $26 per share.
  • The estimated gross proceeds are $160 million.
  • The shares will begin trading on the Nasdaq under the symbol "OB" today.
  • The underwriters have a 30-day option to pursue an additional 1.2 million shares.
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