Kubient Has Filed Their S-1 and Is Planning to IPO in August 2020
Ben Jen Holdings invested in Kubient, Inc, a New York City based startup back in 2017, and they recently filed with the SEC to go public.
Ben Jen Holdings invested in Kubient back in 2017, and we are pleased to announce that Kubient has filed their S-1 with the SEC (latest filing located here: https://www.sec.gov/Archives/edgar/data/1729750/000110465920091560/tm2026812d1_s1a.htm ) and they are going public.
They are being listed on NASDAQ’s Capital Market under the proposed ticker symbol of KBNT for their Common Share class and KBNTW for their Warrants. Kubient is planning on offering up to $9.5 million of securities and plan on opening at a price range of $5.00 to $7.00 per share. Their plans are to use the funds for product development, working capital, capital expenditures, repayment of debt, offering expenses, and other general corporate purposes including investments in sales and marketing within the US and internationally.
Here’s a link to their preliminary prospectus as filed with the SEC: https://www.sec.gov/Archives/edgar/data/1729750/000110465920088002/tm2024529d3_s1a.htm
Overview of Kubient:
- Kubient, Inc has developed the Audience Cloud, a modular, highly scalable, transparent, cloud-based software platform for real-time trading of digital, programmatic advertising.
- Kubient’s open marketplace gives both advertisers (ad space buyers) and publishers (ad space sellers) the ability to use machine learning in the most critical parts of any programmatic advertising inventory auction, while simultaneously and significantly reducing those advertisers and publishers’ exposure to fraud, even in a pre-bid environment.
- Kubient’s platform offers a machine learning-powered fraud prevention solution, extremely low latency times and an audience management platform, which provides omni-channel access into all advertising channels, inventory and ad formats.
- By becoming a one stop shop for advertisers and publishers, providing them with the technology to deliver meaningful messages to their target audience, all in one place, on a single platform that is computationally efficient, transparent, and as safely fraud-free as possible, Kubient believes that their platform (and the application of its machine learning algorithms) leads to increased publisher revenue, lower advertiser cost, reduced latency and increased economic transparency during the advertising auction process.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. A prospectus may be obtained by contacting Maxim Group LLC 405 Lexington Ave., 2nd Floor, New York, NY 10174.