Is ad-tech firm Aleph launching IPO soon? 2021 revenue climbs 86%

2 min read | February 08, 2022 12:22 PM PST | By Rupam Roy

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Is ad-tech firm Aleph launching IPO soon? 2021 revenue climbs 86% — Image source: MaximP,shutterstock

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Highlights

Aleph Group Inc’s revenue surged around 86% YoY in 2021.

Aleph was valued at US$2 billion in 2021 after a private equity firm acquired a US$470 million stake in the company.

Aleph’s customers include Meta Platforms, Twitter, Snap, and Microsoft.

Ad tech company Aleph Group Inc. has caught Wall Street’s attention after reporting 85% revenue growth in 2021 in IPO papers submitted to the US Securities and Exchange Commission (SEC).

The California-based company on Monday filed additional IPO details with the SEC. The company had filed for IPO confidentially in October 2021. Aleph’s prominent clients include Meta Platforms, Twitter, Snap, and Microsoft. It helps them connect with advertisers globally.

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The company was founded as IMS Internet Media Services in 2005. However, it rebranded as Aleph in 2021 after combining four digital media solutions businesses. Aleph’s investors include Sony Pictures Entertainment, MercadoLibre Inc, Twitter, and Snap.

Aleph has not divulged the specific details of the IPO in the filling. The company was valued at US$2 billion in 2021 after private equity firm CVC Capital Partners acquired a US$470 million stake in the company.

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It plans to trade its stocks on the New York Stock Exchange (NYSE) under the ticker symbol ALEF. The underwriters include JPMorgan Chase & Co, Goldman Sachs, and Citigroup Inc.

Last month, Twitter bought a minority stake in Aleph, reflecting its potential in the ad business.

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Aleph’s revenue

Aleph reported revenue of US$131.13 million for the year ended December 31, 2021, up around 86% from US$70.27 million a year ago. Its net income for the period came in at US$26.31 million, against an income of US$2.20 million in the same period of 2020.

It has ad deals with Twitter, Meta, Tiktok, Snap, Spotify, Microsoft.

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Bottomline

The tech-savvy Nasdaq Index dropped 11.48% this year, while the S&P 500 index plunged 5.92% in the same period. Many companies have delayed their IPOs because of market volatility and the prevailing uncertain macroeconomic situation. Technology firms like WeTrasfer, Justworks, Rhodium Enterprise have dropped their listing plans in January.

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