Cardlytics announces pricing of public offering of common stock

Atlanta, march 02, 2021 (globe newswire) -- cardlytics, inc. (nasdaq: cdlx), a digital advertising platform, today announced the pricing of an underwritten public offering of 3,850,000 shares of its common stock, at a price to the public of $130.00 per share. the gross proceeds to cardlytics from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $500.5 million. the offering is expected to close on or about march 5, 2021, subject to customary closing conditions. in addition, cardlytics has granted the underwriters a 30-day option to purchase up to an additional 577,500 shares of common stock at the public offering price, less underwriting discounts and commissions.
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