Knorex, a Singapore-based provider of programmatic advertising software, filed on Tuesday with the SEC to raise up to $12 million in an initial public offering.
The company plans to raise $12 million by offering 2.5 million shares at a price range of $4.00 to $5.50. At the midpoint of the proposed range, Knorex would command a market value of $141 million.
Knorex is a B2B technology company specializing in providing programmatic advertising software to marketers to streamline and automate their advertising and marketing workflows. Its flagship product, Knorex XPOSM, is a self-service enterprise-grade, AI/ML-powered cloud platform with a comprehensive suite of advertising management and execution (AMX) applications. Since its inception, the company has expanded to the US, which has become its largest market, as well as Vietnam, India, and Malaysia.
Knorex was founded in 2009 and booked $10 million in revenue for the 12 months ended June 30, 2024. It plans to list on the NYSE American under the symbol KNRX. Maxim Group LLC is the sole bookrunner on the deal.
