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Venture capital-backed Criteo eyes $190m IPO

18 Sep 2013

paris5_sqVenture capital-backed online advertising company Criteo SA has filed to raise up to $190m via an IPO on the Nasdaq exchange.

JP Morgan, Deutsche Bank and Jefferies are acting as lead underwriters for the IPO, a document filed with US securities regulators showed.

The company said it will use the funds for corporate and working capital purposes including sales and marketing, research and development and product development.

Criteo, which is backed by venture firms including Index Ventures, may seek a valuation of $2bn, Bloomberg reported earlier this year, citing a person with knowledge of the company’s plans.

Last year the company raised a €30m round led by venture capital firm SoftBank Capital.

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