iClick Interactive Asia Group, which is a leading independent online marketing technology platform in China, announced terms for its IPO on Friday.
The Hong Kong, China-based company plans to raise $50 million by offering 5.9 million ADS at a price range of $8 to $9. At the midpoint of the proposed range, iClick Interactive Asia Group Limited would command a fully diluted market value of $474 million.
iClick Interactive Asia Group was founded in 2009 and booked $111 million in sales for the 12 months ended September 30, 2017. It plans to list on the Nasdaq under the symbol ICLK. Network 1 Financial Securities is the sole bookrunner on the deal. It is expected to price during December 2017.
