Israeli “ironSource” with an Office in Ukraine Went Public with an Estimate of $11 Billion

Wednesday, June 30, 2021
1 MIN
Israeli “ironSource” with an Office in Ukraine Went Public with an Estimate of $11 Billion

"IronSource", a business platform for the mobile app economy, went public through a merger with "Thoma Bravo Advantage"

The Israeli company ironSource has more than 850 employees worldwide, including an office in Ukraine, where more than 80 specialists work.

IronSource CEO and Co-Founder Tomer Bar Zeev said going public is an important step for IronSource as the leading platform for global app and game developers.

According to Reuters news provider, the deal will bring ironSource $2,15 billion, and the company's capitalization was $11 billion.

IronSource, founded in 2010, creates a platform for app developers to help them engage users and serve ads in apps. Particular attention is paid to gaming applications.

In the first quarter of 2021, revenue was $119,7 million, up 96% over the previous year. The company expects to generate revenues of $480 million to $490 million in fiscal 2021, up from $390 million in the previous year.

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