iClick Interactive Asia Group Limited (ICLK) plans to raise $50 million in an initial public offering on Friday, December 22nd, IPO Scoop reports. The company will be issuing 5,900,000 shares at a price of $8.00-$9.00 per share.

In the last 12 months, iClick Interactive Asia Group Limited generated $110.9 million in revenue and had a net loss of $34.8 million.

Network 1 Financial Securities acted as the underwriter for the IPO and Shenwan Hongyuan Securities was co-manager.

iClick Interactive Asia Group Limited provided the following description of their company for its IPO: “We were the largest independent online marketing technology platform in China in terms of gross billing in 2016 according to Frost & Sullivan. We had the largest Chinese consumer data set in terms of number of active profiled users in 2016 among independent online marketing technology companies in China; during 2016, we bridged the largest number of multinational companies to the China market among all independent online marketing technology platforms in China according to Frost & Sullivan. We serve as an integrated cross-channel gateway that provides marketers with innovative and cost-effective ways to optimize their online marketing efforts throughout their marketing cycle and achieve their branding and performance-based marketing goals. Our integrated data-driven solutions help marketers identify, engage and activate potential customers, monitor and measure the results of marketing campaigns, and create content catering to potential customers across different content distribution channels through both PC and mobile devices. “.

iClick Interactive Asia Group Limited was founded in 2009 and has 554 employees. The company is located at 15/F, Prosperity Millennia Plaza, 663 King’s Road, Quarry Bay, Hong Kong S.A.R. and can be reached via phone at (852) 3700 9000 or on the web at http://www.i-click.com.

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