Benzinga | Aug 10, 2021 02:48PM EDT

Outbrain Prices IPO Below Expected Range; Trading Begins Today

* Open web recommendation platform Outbrain Inc (NASDAQ:OB) priced 8 million shares at $20 per share in its initial public offering.

* It earlier expected to price its IPO at $24 to $26 per share.

* The estimated gross proceeds are $160 million.

* The shares will begin trading on the Nasdaq under the symbol "OB" today.

* The underwriters have a 30-day option to pursue an additional 1.2 million shares.