Moloco, a California-based advertising technology company with financial backing from Fidelity Management & Research Co. and Tiger Global Management, has taken initial steps to explore a public listing.
According to reporting that cites people who asked not to be identified, the firm has engaged in early talks with potential advisers about a first-time share sale. Those discussions are described as preliminary, indicating the company is at an exploratory stage rather than having reached any definitive decision.
The company disclosed a valuation of more than $2 billion after a secondary share sale in 2023, a figure that was announced by the firm at that time. That valuation and the identity of notable backers remain central details in accounts of Moloco's consideration of an initial public offering.
Observers note that this development comes as a number of companies are assessing public listings, with the IPO market seeing increased activity. The reporting describes Moloco's adviser conversations as early-stage discussions, reflecting the initial nature of the process.
Details beyond the fact of those early discussions, the participants in them, and the previously announced valuation were not provided in the reporting. The sources cited in the account requested anonymity, and the company has not been described as having made a binding decision to proceed with a share sale.
For now, the situation remains one of exploration: Moloco has taken the step of sounding out advisers while maintaining the private status it has held following its 2023 secondary transaction. The firm's investors, including Fidelity and Tiger Global, are identified as its backers in public statements regarding the company's value at that time.
Key context included in the reporting is limited to three main points: the initiation of adviser talks, the company's valuation from the 2023 secondary sale, and the identification of major financial backers. No timetable, pricing expectations, or additional terms have been reported.