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The Rubicon Project (RUBI) Files $100M IPO

February 4, 2014 12:47 PM EST Send to a Friend
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The Rubicon Project, Inc. (NYSE: RUBI) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $100 million. The company plans to trade on the New York Stock Exchange (NYSE) under the symbol RUBI.

The offering is being made via Morgan Stanley, Goldman Sachs, RBC Capital Markets, Needham & Company, Oppenheimer & Co., and Luma Securities.

Brief finanical overview from the company: During the nine months ended September 30, 2013 our revenue was $55.7 million, a 48% increase over the same period in 2012. We recorded a net loss of $9.2 million and Adjusted EBITDA of $4.7 million for the nine months ended September 30, 2013, compared with a net loss of $4.4 million and Adjusted EBITDA of $3.5 million for the nine months ended September 30, 2012. In 2012, our revenue was $57.1 million, a 54% increase over 2011. We recorded a net loss of $2.4 million and Adjusted EBITDA of $9.2 million in 2012, and a net loss of $15.4 million and negative Adjusted EBITDA of $6.7 million in 2011.

The Rubicon Project is a global technology leader on a mission to automate the buying and selling of advertising.




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