DoubleVerify Announces Pricing Of Secondary Offering Of 10 Mln Shares At $26.40/shr

DoubleVerify Holdings Inc. (DV), software platform for digital media measurement and analytics, announced the pricing of an underwritten offering of 10 million shares of its common stock by Providence VII U.S. Holdings L.P., Providence Public Master L.P. and Providence Butternut Co-Investment L.P. at a price to the public of $26.40 per share.

The offering is expected to close on November 15, 2022. The underwriter will have a 30-day option to purchase up to an additional 1.50 million shares of common stock from Providence.

DoubleVerify noted that it will not receive any proceeds from the sale of shares in the offering.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Comcast Corp. on Thursday reported that profit for the fourth quarter edged down 1.1 percent from last year, reflecting higher costs and expenses. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also declared a 7.4 percent higher quarterly dividend. Shares of SAP AG were losing more than 3 percent in the morning trading in Germany as well as in pre-market activity on the NYSE after the German software major reported Thursday sharply lower profit in its fourth quarter, despite higher revenues. Looking ahead for fiscal 2023, the company projects accelerating topline and double-digit adjusted operating profit growth. Meta Platforms announced its plans to end suspension of the former U.S. President Donald Trump's Facebook and Instagram accounts in the coming weeks. Further, the company has put new guardrails in place to deter repeat offenses, Global Affairs President Nick Clegg said in a statement. The decision comes after two years of banning him on the social media platforms following his praise for people...
Follow RTT