Outbrain Inc.

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General Information
Business:
Founded in 2006, Outbrain pioneered the online content recommendation category. Today our platform enables over 7,000 online properties, including many of the world’s most prestigious publications, helping them engage their users and monetize their visits.
We have delivered over $3 billion in direct revenue to our media partners since inception. Some key media partners include Asahi Shimbun, CNN, Der Spiegel, Le Monde, MSN, Sky News and Sky Sports. In 2020, we provided personalized content feeds and ads to approximately 1 billion monthly unique users, delivering on average over 10 billion recommendations per day, with over 20,000 advertisers using our platform. 
Outbrain’s co-founders Ori Lahav and Yaron Galai served together in the Israeli Navy during their mandatory service, according to a story (published July 7, 2021) about Outbrain’s pre-IPO fundraising in The Times of Israel.
(Note: Funds managed by the Baupost Group, a hedge fund and an investor in Outbrain, have indicated an interest in buying up 9.9 percent of the stock in the IPO, the prospectus says.) 
(Note: Outbrain priced its IPO on July 22, 2021, at $20 – well below the bottom of its $24-to-$26 range – on 8 million shares to raise $160 million.)
Industry: Services - Computer Programming & Data Processing
Employees: 863
Founded: 2006
Contact Information
Address 222 Broadway, 19th Floor New York, NY 10038
Phone Number (646) 859-8594
Web Address http://www.outbrain.com/
View Prospectus: Outbrain Inc.
Financial Information
Market Cap $1335.5mil
Revenues $817.83 mil (last 12 months)
Net Income $5.54 mil (last 12 months)
IPO Profile
Symbol OB
Exchange NASDAQ
Shares (millions): 8.0
Price range $20.00 - $20.00
Est. $ Volume $160.0 mil
Manager / Joint Managers Citigroup/ Jefferies/ Barclays/ Evercore
CO-Managers JMP Securities/ Needham & Co./ LUMA Securities
Expected To Trade: 7/23/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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