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

Trading ideas: IOI, Gagasan Nadi, Xin Hwa, T7, TCS, Aneka, HE, Ann Joo, Aimflex, F&N
Toyota likely to post first profit drop in two years
Strong financial grasp critical for investors
Licence freeze to have impact on Xin Hwa
Gagasan Nadi in RM185mil acquisition
Proton October sales climb 13.6% to 12,799 units
Aneka Jaringan wins RM39mil job
TCS bags RM86mil contract
The Philippines to be cautious in policy easing cycle
Ringgit maintains stronger footing at the close

Others Also Read