Rocket Fuel Raises $116M In IPO, Shares To Trade At $29

Rocket Fuel raised $116 million in its initial public offering (IPO), today announcing the availability of four million common stock shares to be traded at $29 per share. The shares are expected to be available today and will be traded on the NASDAQ exchange under the ticker FUEL. 

The announcement caps a busy week of ad tech company IPO news. While the availability of FUEL shares comes just one month and one day since the company filed for a $100 million IPO, retargeting advertising company Criteo filed to go public earlier this week.

According to Rocket Fuel's release, "The underwriters have a 30-day option to purchase up to 600,000 additional shares of common stock at the IPO price from certain existing stockholders of Rocket Fuel to cover over-allotments, if any. None of Rocket Fuel's executive officers are participating in the offering as selling stockholders."

Credit Suisse and Citigroup were named as joint bookrunners for the offering. Co-managers include Needham & Company, Oppenheimer & Co., Piper Jaffray, BMO Capital Markets, and LUMA Securities.

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