Cardlytics Announces Proposed Public Offering of Common Stock

Sep 12, 2019


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Cardlytics, Inc., a purchase intelligence platform that helps make marketing more relevant and measurable, announced the launch of a proposed underwritten public offering of 2,694,365 shares of its common stock, of which 1,500,000 shares of common stock are being offered by Cardlytics and 1,194,365 shares of common stock are being offered by existing stockholders of Cardlytics. Cardlytics will not receive any of the proceeds from the sale of shares of common stock by the selling stockholders. Cardlytics expects to grant the underwriters a 30-day option to purchase up to an additional 404,154 shares of common stock from it at the public offering price, less underwriting discounts and commissions.

J.P. Morgan and BofA Merrill Lynch are acting as joint book-running managers and representatives of the underwriters for the offering. Wells Fargo Securities, SunTrust Robinson Humphrey, and Raymond James are also acting as book-running managers for the offering. KeyBanc Capital Markets is acting as co-manager for the offering. The offering is being made pursuant to a shelf registration statement, including a base prospectus, filed by Cardlytics with the Securities and Exchange Commission (SEC), which was declared effective by the SEC on August 29, 2019. The offering may be made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website located at www.sec.gov


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