Latest news with #MNTNInc
The Star
3 days ago
- Business
- The Star
Software the missing piece
MAY'S string of successful technology company debuts is reigniting optimism that the once-prolific enterprise software sector will soon resurface as a significant contributor to the US deal mix. Robust initial public offerings (IPOs) last month from EToro Group Ltd, Hinge Health Inc and MNTN Inc, as well as strong early demand for this week's IPOs from Circle Internet Group Inc and Omada Health Inc, point to a much improved market for first-time stock sales from companies spanning fintech, digital health, adtech and crypto. Billed as RM9.73 for the 1st month then RM13.90 thereafters. RM12.33/month RM8.63/month Billed as RM103.60 for the 1st year then RM148 thereafters. Free Trial For new subscribers only
Yahoo
24-05-2025
- Business
- Yahoo
Why MNTN, Inc. (MNTN) Soared Today
We recently published a list of In this article, we are going to take a look at where MNTN, Inc. (NYSE:MNTN) stands against other stocks that soared today. MNTN Inc. soared by 25.52 percent on its first day as a publicly-listed company, representing a vote of confidence among investors despite a lackluster performance in the broader market. In its first trading day, MNTN, Inc. (NYSE:MNTN) opened at $21, rallied to as high as $26.88 apiece or a 68-percent jump from its initial public offering (IPO) price of $16, before early profit-taking pulled it back slightly toward the end. Concept Photo/ MNTN, Inc. (NYSE:MNTN) successfully raised $187.2 million in fresh funds from the sale of 11.7 million shares consisting of 8.4 million Class A common shares and 3.3 million Class A shares being sold by existing shareholders. The company said it will not receive any proceeds from the sale of shares of Class A common stock by the selling stockholders. Founded in 2009, MNTN, Inc. (NYSE:MNTN) is an advertising platform for internet-connected televisions whose chief executive officer is Ryan Reynolds. Overall, MNTN ranks 1st on our list of stocks that soared today. While we acknowledge the potential of MNTN, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MNTN and has 10,000% upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
MNTN Files for IPO, targeting up to $187 million
-- Connected TV advertising platform MNTN Inc. filed to raise up to $187 million in an initial public offering, according to a prospectus filed Wednesday with the U.S. Securities and Exchange Commission. The Austin-based company, which counts actor Ryan Reynolds as its Chief Creative Officer, is offering 11.7 million Class A shares at a price range of $14 to $16 each. MNTN will offer 8.4 million shares, while selling shareholders will offer 3.3 million. The company expects to list on the New York Stock Exchange under the ticker symbol 'MNTN.' Underwriters, including Morgan Stanley, Citigroup (NYSE:C), and Evercore ISI, have a 30-day option to purchase up to 1.76 million additional shares to cover over-allotments. Founded on the premise of transforming Connected TV (CTV) into a performance marketing channel, MNTN developed a self-serve platform aimed at small and mid-sized businesses. Core features include advanced audience targeting, real-time attribution through its Verified Visits technology, and automated campaign optimization. In 2024, 92% of the company's Performance TV (PTV) revenue came from SMBs, and 96% of customers had never advertised on TV before. MNTN generated $226 million in revenue in 2024, with first quarter 2025 revenue reaching $65 million, up 48% from the year prior. Adjusted EBITDA grew to $9.4 million from $85,000 in the same quarter a year earlier. Despite a net loss of $21.1 million in Q1 2025, the company's adjusted EBITDA margin improved to 14.5%. The IPO comes after the company delayed its original plans due to tariff-related market volatility. As CTV adoption accelerates, MNTN is positioning itself as the leading performance-driven solution in a space long dominated by traditional brand advertisers. The company says CTV now comprises nearly 46% of U.S. TV viewing time but just 32.5% of ad spend, signaling a major monetization opportunity. Proceeds from the IPO will go toward general corporate purposes and to fuel MNTN's ongoing growth. With CTV ad spending expected to hit $33.4 billion by year-end and rise to over $42 billion by 2027, MNTN believes its platform sits at the intersection of performance marketing, CTV, and legacy television advertising. Related articles MNTN Files for IPO, targeting up to $187 million Apple Vision Pro to allow eye-scrolling, Bloomberg reports eToro surges in IPO debut, pushing valuation to $6 billion Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
02-04-2025
- Business
- Bloomberg
Wall Street Urges IPO Hopefuls to Trim Valuations in Weak Market
As turbulent US equity markets cloud the picture for initial public offerings, some on Wall Street are urging companies to temper their valuations for a better chance of pulling off a successful deal. Stablecoin issuer Circle Internet Group Inc. filed publicly for a listing on Tuesday, joining a hopper of companies including Klarna Group Plc and MNTN Inc. hoping to go public in the coming weeks and months.
