Marin provides a cloud-based digital advertising management platform that competes with similar offerings from Google Inc. (NASDAQ: GOOG), Adobe Systems Inc. (NASDAQ: ADBE) and other, privately held firms. The company lists Macy’s Inc. (NYSE: M), Apollo Group Inc. (NASDAQ: APOL), Expedia Inc. (NASDAQ: EXPE) and Symantec Corp. (NASDAQ: SYMC) among its customers and says it has business relationships with Baidu Inc. (NASDAQ: BIDU), Bing from Microsoft Corp. (NASDAQ: MSFT), Google, Facebook Inc. (NASDAQ: FB) and Yahoo! Inc. (NASDAQ: YHOO).
Once more, it appears that underwriters have left money on the table. The initial share price rise gives the brokers’ customers a nice profit, but the company ends up with less cash than it could have banked.
Shares are currently trading at $17.65, up about 26% over the offering price.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
