Wednesday, October 30, 2013

Criteo's success

Oct 30, 2013, 12:11pm PDT Updated: Oct 30, 2013, 2:21pm PDT

The ad tech IPO which, like Rocket Fuel, is succeeding


Criteo, led by CEO Jean-Baptiste Rudelle, raised $250 million and saw its stock jump about 30 percent in its first day of trading. The Paris-based entrepreneur ran the business for a while from Silicon Valley, where it has one of its two global R&D centers.
Enlarge
Bloomberg/Paul Cooper
Criteo, led by CEO Jean-Baptiste Rudelle, raised $250 million and saw its stock jump about 30 percent in its first day of trading. The Paris-based entrepreneur ran the business for a while from Silicon Valley, where it has one of its two global R&D centers.
Senior Technology Reporter- Silicon Valley Business Journal
Email  | Twitter  | Google+
Criteo, a Paris-based online advertising company whose CEO relocated to Silicon Valley for a while, raised $250 million in an IPO that priced above expectations and soared on its market debut.
The company's shares closed up by about 14 percent after rising more than 30 percent earlier on Nasdaq Wednesday after pricing at $31 a share. That gave Criteo a valuation of about $2.3 billion. It had been expected to price at between $27 and $29.
That was good news for the company's VC investors, who include Bessemer Venture Partners, which holds a 9.5 percent of Criteo's shares. Other big venture stakeholders are Index Ventures (23.4 percent), Idinvest Partners (22.6 percent) and Elaia Partners with 13.5 percent.
It may also be good news for other ad tech startups in what has been an uneven year for IPOs in the sector.
Redwood City-based Rocket Fuel raised $116 million last month and its shares have remained at nearly double their IPO price since.
But three others haven't fared as well.
Redwood City-based YuMe went public at $9 a share in early August, traded as low as $7.80 a share since and closed Tuesday at $8.57.
San Francisco-based Marin Software sold its IPO shares in March at $15 a share, dropped as low $8.75 and closed Tuesday at $12.48.
New York-based Tremor Media went public in late June at $10, fell to $6.25 since then and closed on Friday at $9.79.
Acquisitions, meanwhile took out MoPub (acquired by Twitter for $350 million in stock) and Adap.tv (bought by AOL for about $405 million). San Mateo-based Aggregate Knowledge was acquired for $119 million by Neustar on Wednesday.
Among the Silicon Valley ad tech startups that are probably watching this action with interest are Brisbane-based Glam Media, San Mateo-based Drawbridge, Foster City-based Adchemy and a pair of San Francisco-based startups — Martini Media and Vungle.
  • Page 1
  • 2
|View All
Cromwell Schubarth is the Senior Technology Reporter at the Business Journal. His phone number is 408.299.1823.

Related links:

Palo Alto, San Francisco, Foster City, Menlo Park, Redwood City, Venture capital, Startups

Industries:

Media & Marketing, Technology


Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

Inside Silicon Valley Business Journal


Videos

Most Popular

  • Most popular
  • Slideshows
  • Facebook
  • Twitter
  • Emailed
  • Mobile
Business Succession Planning Series:
How can key choices today influence succession outcomes? Learn more.

People on the Move

Mir Aamir
Coupons.com
Ken Klein
Tintri
Paul Stich
Appthority
Torsten Kolind
YouNoodle
Ron Fior
Good Technology
Soo Chaing
Mason-McDuffie Mortgage
Posted by at

1 comment:

  1. Carlos Augusto MartinezSeptember 25, 2021 at 12:17 PM

    INSTANT AFFORDABLE PERSONAL/BUSINESS/HOME/INVESTMENT LOAN OFFER WITHOUT COST/STRESS CONTACT US TODAY VIA Whatsapp +19292227023 Email drbenjaminfinance@gmail.com

    Hello, Do you need an urgent loan to support your business or in any purpose? we are certified and legitimate and international licensed loan Company. We offer loans to Business firms, companies and individuals at an affordable interest rate of 2% , It might be a short or long term loan or even if you have poor credit, we shall process your loan as soon as we receive your application. we are an independent financial institution. We have built up an excellent reputation over the years in providing various types of loans to thousands of our customers. We Offer guaranteed loan services of any amount to people all over the globe, we offer easy Personal loans,Commercial/business loan,Car loan Leasing/equipment finance, Debt consolidation loan, Home loan, ETC with either a good or bad credit history. If you are in need of a loan do contact us via Whatsapp +19292227023 Email drbenjaminfinance@gmail.com

    Share this to help a soul right now, Thanks

    ReplyDelete

Subscribe to: Post Comments (Atom)