Israeli ad firm Matomy plans $100m London IPO

Matomy Media Group, an Israeli digital advertising firm, is aiming to raise $100 million through a planned initial public offering on the main market of the London Stock Exchange. (Photo courtesy: Matomy)

Israeli digital advertising firm Matomy Media Group said on Monday it is planning an initial public offering on the main market of the London Stock Exchange with the aim of raising $100 million.

Matomy said the offering will give it additional capital to accelerate its development and growth and facilitate further
access to public equity markets.

It plans to use the proceeds in part to acquire additional shares in Team Internet AG, increasing its stake to 70 percent from 20 percent at a cost of $19.3 million, the company said.

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Last Update: Wednesday, 20 May 2020 KSA 13:52 - GMT 10:52
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