Tuesday, August 23, 2016
Trade Desk Files For IPO
Ventura-based Trade Desk has filed for an IPO, saying that it is looking to raised up to $86.25M on an IPO on the NASDAQ Global Market. The company says it has filed to trade as TTD. The advertising technology company is led by Jeff Green. The IPO is being underwritten by Citigroup, Jefferies, RBC Capital Markets, Needham & Company, and Raymond James. The Trade Desk is venture backed by IA Ventures, Founder Collective, Wellington Management, and Highwind, among others. The IPO filing is a huge win for the City of Ventura, and in particular its Ventura Ventures startup incubator, where The Trade Desk got its start. Green is a serial entrepreneur, having sold his last firm, AdECN, to Microsoft.