TubeMogul, a video ad platform, has filed its S-1 with a view to having its initial public offering later this year. The buy-side ad platform was founded in 2006 and booked $57 million in sales for the year ended December 31, 2013, will join YuMe and Tremor on the NYSE under the symbol TUBE.
TubeMogul’s gross margins were an exceptionally healthy 66 percent in 2013, whereas gross profit for the company was $37.5 million in 2013, up from $17.8 million in 2012. However, the company’s net loss was $7.4 million which was an increase on the $3.6 million from the year before.
TubeMogul previously raised more than $50 million in funding. The largest shareholders include Trinity Ventures (26.5 percent), Foundation Capital (22.7 percent), Northgate Capital (8 percent), co-founder and CEO Brett Wilson (8.8 percent), and co-founder and President of Products John E. Hughes (8.6 percent).