|Bid||0.00 x 3100|
|Ask||0.00 x 1300|
|Day's range||16.74 - 18.47|
|52-week range||16.74 - 64.39|
|Beta (5Y monthly)||2.16|
|PE ratio (TTM)||373.78|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
LOS ANGELES, August 05, 2021--Magnite Reports Second Quarter 2021 Results
Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced a new, state of the art data center facility in Singapore, unifying its footprint for all media types in the heart of the Asia-Pacific (APAC) region. This investment is designed to support the rapid growth in digital advertising services across the region and reinforce Magnite's global leadership in CTV and omnichannel digital advertising.
Magnite (Nasdaq: MGNI) today announced that it has closed its offering of $400 million aggregate principal amount of 0.25% convertible senior notes due 2026 (the "notes"), including the full exercise of the option to purchase $50 million of additional notes granted by Magnite to the initial purchasers. The notes were issued in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act"). The offering is expected to result in approximately $390 million in net proceeds to Magnite after deducting the initial purchasers’ discount and estimated offering expenses payable by Magnite.