Tremor International’s $1.5 Billion Initial Public Offering

Naschitz Brandes Amir and Latham & Watkins advised Tremor International on the deal.

Tremor International Ltd. (Tremor) completed the pricing of its initial public offering of 6,768,953 American Depositary Shares (ADSs), representing an aggregate of 13,537,906 ordinary shares, at a public offering price of US$19.00 per ADS. Tremor has raised aggregate gross proceeds of US$128.6 million, before deducting underwriting discounts and commissions. Each ADS offered represents two ordinary shares of Tremor. The ADSs are being offered in a registered public offering in the United States. All ADSs to be sold in the offering will be sold by Tremor.

The underwriters of the offering will also have a 30-day option to purchase up to an additional 1,015,342 ADSs from Tremor at the initial public offering price. The ADSs are expected to begin trading on the Nasdaq Global Market on June 18, 2021 under the ticker symbol “TRMR”. Tremor’s ordinary shares are currently admitted to trading on the AIM market of the London Stock Exchange under the ticker symbol “TRMR”.

Tremor is a global leader in advertising technologies operating across three core capabilities – Video, Data and CTV.

The NBA team was led by partner Tuvia Geffen (Picture), Head of the Capital Markets practice and included partners Itay Deutsch, Michal Zohar-Neistein and associates Sacha Borenstein, Tal Slabbaert and Shahar Yarom.

The Latham team was led by corporate partners Josh Kiernan and Ryan Benedict, with corporate associates Phil Houten, Yolanda Min, and Kirby Swartz. Advice on English capital markets matters was provided by partner Anna Ngo and associate Connie Taylor-Cox; on US tax matters by partner Elena Romanova and associate Colleen O’Donnell; on corporate governance by partners Nathan Seltzer, Les Carnegie, and counsel Irina Yevmenenko; and on specialist US securities law matters by partners Alex Cohen and Paul Dudek.

Involved fees earner: Ryan Benedict – Latham & Watkins; Les Carnegie – Latham & Watkins; Alexander Cohen – Latham & Watkins; Paul Dudek – Latham & Watkins; Philip Houten – Latham & Watkins; Joshua Kiernan – Latham & Watkins; Yixiao Min – Latham & Watkins; Anna Ngo – Latham & Watkins; Colleen O’Donnell – Latham & Watkins; Elena Romanova – Latham & Watkins; Nathan Seltzer – Latham & Watkins; Kirby Swartz – Latham & Watkins; Connie Taylor-Cox – Latham & Watkins; Irina Yevmenenko – Latham & Watkins; Sacha Borenstein – Naschitz Brandes Amir; Itay Deutsch – Naschitz Brandes Amir; Tuvia Geffen – Naschitz Brandes Amir; Shahar Yarom – Naschitz Brandes Amir; Michal Zohar-Neistein – Naschitz Brandes Amir; Tal Slabbaert – Yigal Arnon & Co;

Law Firms: Latham & Watkins; Naschitz Brandes Amir; Yigal Arnon & Co;

Clients: Tremor International ;

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