PubMatic Inc. (PUBM) Prices 5.9M Share Class A Offering at $20/Sh

PubMatic, Inc. (NASDAQ: PUBM) today announced the pricing of its initial public offering of 5,900,000 shares of Class A common stock at a price to the public of $20.00 per share. PubMatic is offering 2,655,000 shares and certain selling stockholders are offering 3,245,000 shares. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to 885,000 additional shares of common stock at the initial public offering price, less underwriting discounts. PubMatic will not receive any proceeds from any sale of shares by the selling stockholders.

The shares are expected to begin trading on the Nasdaq Global Market on December 9, 2020 under the ticker symbol “PUBM.” The offering is expected to close on December 11, 2020, subject to customary closing conditions.

Jefferies LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the proposed offering. JMP Securities LLC, KeyBanc Capital Markets, Oppenheimer & Co. Inc., and Raymond James & Associates, Inc. are acting as co-managers for the proposed offering.

The offering of these securities is being made only by means of a prospectus.

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