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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Oct. 13, 12:43 PM

Slide #16. Digital Turbine, Inc. Secondary Offering

Company: Digital Turbine, Inc. (NASDAQ:APPS)
Date announced: 9/28/2015
Shares Offered: 7,600,000
Date of Pricing: 9/29/2015
Price Per Share: $1.57
Secondary Offering Details: Digital Turbine, Inc. (Nasdaq: APPS), the company empowering mobile operators and Original Equipment Manufacturers ("OEMs") around the globe with end-to-end mobile solutions, announced today that it plans to make a public offering of its common stock. -updated 9/29 - Digital Turbine, Inc. (Nasdaq: APPS), the company empowering mobile operators and Original Equipment Manufacturers ("OEMs") around the globe with end-to-end mobile solutions, today announced the pricing of its public offering of 7,600,000 shares of common stock at a price to the public of $1.57 per share. The net proceeds to Digital Turbine from this offering are expected to be approximately $11.2 million, after deducting underwriting discounts. In addition, Digital Turbine has also granted the underwriter a 30-day option to purchase up to 1,140,000 additional shares of common stock.

Digital Turbine delivers end-to-end products and solutions for mobile operators, app advertisers, device Original equipment manufacturer (OEM) and other third parties. Co. operates its business in two reportable segments, Advertising and Content. Co.'s advertising products includes: DT Ignite™, a mobile device management solution with targeted app distribution capabilities; DT IQ™, a customized user experience and app discovery tool; DT Media, an advertiser solution for carrier and OEM inventory; and Appia Core, a mobile user acquisition network. Co.'s content products includes: DT Marketplace™, an application and content store; and DT Pay™, a content management and mobile payment solution.
Open the APPS Page at The Online Investor »

Company Name:  Digital Turbine Inc
Sector:  Application Software
Number of ETFs Holding APPS:  11
Total Market Value Held by ETFs:  $2.16M
Total Market Capitalization:  $100.00M
% of Market Cap. Held by ETFs:  2.16%

Open the APPS Page at The Online Investor (in a new window) »

October 13, 2015    12:43 PM Eastern
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Strong Buy (4.00 out of 4)
93rd percentile
(ranked higher than approx. 93% of all stocks covered)
Based on Zacks ABR data;
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