Viant Technology launched an underwritten public offering of 8.5 million Class A shares by a selling stockholder on Wednesday. The underwriters hold a 30-day option to purchase up to 1.28 million additional shares. Viant will not receive any proceeds from the 8.5 million shares sold by the selling stockholder, and will receive proceeds only if the additional 1.28 million option shares are sold. The offering remains subject to market conditions, and its final size and terms have not yet been determined.
Viant Technology IncViant launched an 8.5M-share public offering by a selling stockholder, diluting/overhanging the stock with no proceeds to the company.
