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Marin Software this afternoon filed with the SECfor a $75 million initial pubic offering.
The San Francisco-based company provides a cloud-based digital advertising management system.
Marin had revenue for the first nine months of 2012 of $42.5 million, up from $24.7 million in the comparable year-earlier period. For the same span, Marin posted a loss of $19.3 million. For all of 2011, Marin had revenues of $36.1 million and a loss of $17.4 million. The company notes in the filing that as of September 30 it had 386 full-time employee, including 98 outside the U.S.
Investors in the company include Benchmark Capital with a 16.4% pre-offering stake; DAG Ventures, with 16.1%; Temasek Capital, with 10.7%; Focus Ventures, with 6.5%; and Crosslink Ventures, with 5.8%. Founder and CEO Christopher Lien holds an 8.8% stake. According to CrunchBase, the company has raised a total $79.5 million in venture financing.
Underwriters for the offering include Goldman Sachs, Deutsche Bank, UBS, Stifel and Wells Fargo.
The S-1 filing does not specify how many shares will be sold in the offering, and does not disclose whether any insiders will be selling shares.
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