DoubleVerify Holdings, which offers a software platform that provides analytics for digital advertising, raised $360 million by offering 13.3 million shares (35% insider) at $27, the high end of the range of $24 to $27. Insider Tiger Global agreed to invest $30 million in a concurrent private placement, and new investor BlackRock indicated on 10% of the offering. At pricing, DoubleVerify commands a fully diluted market value of $4.6 billion.
DoubleVerify Holdings plans to list on the NYSE under the symbol DV. Goldman Sachs, J.P. Morgan, Barclays, RBC Capital Markets and Truist Securities acted as lead managers on the deal.
