Ryan Reynolds’ MNTN expected to tap Morgan Stanley for IPO


Ryan Reynolds attends a photocall for 'Deadpool & Wolverine' in London, Britain, July 12, 2024. Photo: Reuters

LOS ANGELES: MNTN, a connected TV advertising platform that counts Hollywood star Ryan Reynolds as its chief creative officer, has picked Morgan Stanley to work on an initial public offering, according to sources.

The firm is considering going public as soon as in early 2025.

Deliberations are ongoing, details of the offering such as timing could change and more banks may be added to the lineup, the sources said.

MNTN builds advertising software that helps brands promote themselves through campaigns on connected TVs.

Its MNTN Performance TV platform offers a suite of targeting, measurement and automated optimisation technology, according to its website.

The company acquired Reynolds’ creative agency Maximum Effort in 2021.

The terms of the deal were not disclosed.

MNTN raised US$119mil in a Series D financing round in 2021 co-led by funds and accounts managed by BlackRock Inc and Fidelity Management & Research Co. — Bloomberg

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

MNTN , IPO , Ryan Reynolds , Morgan Stanley

   

Next In Business News

Lagenda Properties' unit secures contract worth up to RM99.6mil
Icon Offshore secures four key agreements to drive portfolio growth and expansion
RHB, CGC ink Malaysia’s first LCTF portfolio guarantee agreement, valued at RM400mil
Solarvest secures RM142mil solar EPCC contract in Kedah
Allianz Malaysia posts 7.4% lower earnings of RM183.17mil in 3Q
Tex Cycle eyes M&A, ESG market expansion
Ringgit retreats after three days of gains
Sarawak Plantation posts 14.5% profit jump in 3Q, declares 15 sen dividend
MAHB raises RM1.6bil in oversubscribed sukuk wakalah
MNRB appoints Rudy as interim president & CEO

Others Also Read