Viant Technology Raises $250M In Upsized IPO

Viant Technology Inc (NASDAQ: DSP) priced 10 million shares at $25 per share to rake in proceeds worth $250 million in an upsized initial public offering (IPO).
Viant is an advertising software company enabling advertisers to plan, buy and measure their advertising across most channels like desktop, mobile, connected TV, linear TV, streaming audio and digital billboards.
The IPO was upsized from the previous 7.5 million shares, expected to price between $19 and $21 per share.
The underwriters have a 30-day option to procure additional shares up to 1.5 million compared to the previous limit of 1.125 million shares.
The shares will commence trading under the ticker symbol "DSP" on the Nasdaq from today. The IPO is estimated to close on February 12, 2021.
BofA Securities and UBS Investment Bank are the book-running managers for the IPO. Canaccord Genuity, JMP Securities, Needham & Company, and Raymond James are the co-managers for the IPO.