Tag Archives: rubi

Rubicon Project Soars, Continuing ‘Record’ IPO Pace

Digital ad firm Rubicon Project’s stock jumped 34% in its Wednesday debut, kicking off what could be a strong Q2 IPO market following the biggest Q1 since 2000. “Things appear to be going well,” Rubicon (RUBI) CEO Frank Addante said in a midday phone interview from New York. The IPO is “just one milestone” for Rubicon as it eyes a big slice of the $100 billion online ad market, said Addante. Rubicon stock closed at 20.09 after rising as high as

Rubicon Project Rises As Digital Ad Firm Makes IPO

Shares of digital ad company Rubicon Project (RUBI) were up 34% in midday trading Wednesday, after the company priced its IPO at 15 late Tuesday. The Los Angeles-based company sold 5.4 million shares, raising about $81 million. Insider shareholders sold another 1.4 million shares for about $21 million, the company said in a press release . The stock priced at the bottom of its expected 15-to-17 range. One drag on the stock was the poor performance