iClick Interactive Asia Group, an independent online marketing technology platform in China, lowered the proposed deal size for its upcoming IPO on Monday.
The Hong Kong, Hong Kong-based company now plans to raise $32 million by offering 3.8 million shares at a price range of $8 to $9. The company had previously filed to offer 5.9 million shares. At the midpoint of the revised range, iClick Interactive Asia Group will raise -36% less in proceeds than previously anticipated.
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. Roth Capital is the sole bookrunner on the deal.
