Cardlytics seeks to raise $75 million in IPO

Cardlytics Inc. hopes to raise up to $75 million in an initial public offering, according to a late Friday filing with the Securities and Exchange Commission. The Atlanta-based consumer-spending analytics company reported $112.8 million in revenue and a net loss of $76.7 million in 2016, and for the first nine months of 2017 revenue of $91.1 million and a net loss of $15.6 million. B of A Merrill Lynch, J.P. Morgan, and Wells Fargo are listed among the underwriters. The company plans to list with the ticker “CDLX” on the Nasdaq.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply