Tremor Video Files For An IPO
Tremor Video reported that they lost $16.4 million on revenues of $105.2 million. In the previous year, the company reported that they lost $21 million on revenues of $90.3 million. In the same period, gross margins improved from 35.2% to 41.7%. The company’s ads run on over 500 websites and mobile apps.
Tremor Video investors include Canaan Partners (owns over 19%), W Capital, Masthead Venture Partners, Meritech Capital, Draper Fisher Jurvetson, and General Catalyst.
Tremor Video has plans to raise at least $86 million while trading on the NYSE with the stock symbol “TRMR.”