MTMY.L Share News (MTMY)

Matomy Media Group has confirmed the pricing of its initial public offering (IPO) at 227p per ordinary share, having shelved plans to float in April.The online and mobile advertising company said based on the offer price the market capitalisation will be £203m.The offer includes 18,058,000 ordinary shares, representing 20.2% of enlarged issued share capital following completion of the IPO. At admission the company will have 89,276,028 Ordinary Shares in issue."Today marks another step forward in realising our ambition to become one of the world's leading digital performance-based marketing companies," said Chief Executive Ofer Druker."We were disappointed to have postponed our offer earlier in the year, but we are delighted to be announcing our offer price today with such strong investor support. We have continued to grow our business in the interim, including the recent successful acquisition of a majority ownership stake in the direct navigation Internet search company Team Internet."RD