Tech Company Inital Public Offerings
The Trade Desk IPO
Based in Ventura, The Trade Desk is now a public company.
Transaction Overview
Company Name
Announced On
9/21/2016
Transaction Type
IPO
Amount
$84,060,000
Proceeds Purpose
We currently intend to use a significant portion of the net proceeds from this offering for general corporate purposes, including working capital, funding the expansion of our business, including expanding our sales and marketing programs, and making investments in our technology and development teams to support the development of new applications and features for, and enhancements of, our platform. We may also use a portion of the net proceeds from this offering for the acquisition of, or investment in, technologies or businesses that complement our business, although we have no present commitments or agreements to enter into any such acquisitions or make any such investments. On March 30, 2016, we paid off all remaining principal and interest due under our previous 2015 credit facility. Pursuant to the terms of this facility, upon the occurrence of our initial public offering, we remain obligated to pay the lenders a fee of $750,000. We intend to satisfy this obligation with the net
Company Information
Company Status
Publicly-held
Industry
Digital Media & VR & AR
Mailing Address
42 Chestnut St.
Ventura, CA 93001
USA
Ventura, CA 93001
USA
Phone
Website
Email Address
Overview
Trade Desk (Nasdaq: TTD). From the pioneers of the ad exchange and experts from all facets of online advertising--display, search, mobile, ad serving, data protection, and data monetization--The Trade Desk has emerged to change the course of media buying.
Management Team
Title
Name
Email & Social
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We do our best to document funding rounds that are announced publicly. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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