Tremor Video, which provides video advertising solutions to leading brand advertisers for internet-connected devices, announced terms for its IPO on Friday. The New York, NY-based company plans to raise $90 million by offering 7.5 million shares at a price range of $11 to $13. At the midpoint of the proposed range, Tremor Video would command a fully diluted market value of $645 million.
Tremor Video, which was founded in 2005 and booked $113 million in sales for the 12 months ended March 31, 2013, plans to list on the NYSE under the symbol TRMR. Tremor Video initially filed confidentially on April 3, 2013. Credit Suisse and Jefferies are the joint bookrunners on the deal.
