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Outbrain goes public on the New York Stock Exchange

2021-07-26T18:46:33.824Z

The Israeli company, a specialist in sponsored links, is valued at $ 1.1 billion. Outbrain, the specialist in the "click trap" on the internet, debuted on the New York Stock Exchange on Friday. The Israeli company, founded in 2006 by Yaron Galai, reached a valuation of $ 1.1 billion on the Nasdaq. The initial public offering was $ 20 per share, after Outbrain sold 8 million shares to raise some $ 160 million. Read also: Outbrain raises sponsored links Earlier this month, the



Outbrain, the specialist in the "click trap" on the internet, debuted on the New York Stock Exchange on Friday.

The Israeli company, founded in 2006 by Yaron Galai, reached a valuation of $ 1.1 billion on the Nasdaq.

The initial public offering was $ 20 per share, after Outbrain sold 8 million shares to raise some $ 160 million.

Read also:

Outbrain raises sponsored links

Earlier this month, the professional sponsored links on online media (like CNN, The Washington Post, The Times of Israel or Le Monde) raised $ 200 million from investment manager, The Baupost Group, with a view to its initial public offering.

Its objective:

"To compete with the giants of online advertising that are Facebook and Google in the war to gain the attention of Internet users",

explains David Kostman, co-CEO of Outbrain.

The company works in partnership with publishers and marketers in more than 55 countries.

Two-thirds of mobile income

"

When I look at our business plan

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Source: lefigaro

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