An AdTech IPO in the works

An AdTech IPO in the works

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The San Francisco-based startup App Annie is exploring several different options to accelerate its growth while remaining profitable. The company specializes in app stores analytics, providing Apple and Google with precious data such as average daily and monthly users, which can then be utilized for insights and marketing recommendations. App Annie is now focusing its efforts on AI, which will be used to expand its offering.

While a final decision is yet to be made, the two main options on the table for App Annie are to merge or to go public. The 10-year old-company generated close to $120m in revenue last year, with $20m in earnings before EBIT, making it appetible to many investors.

Why it matters

One of the reasons why App Annie is on the lookout for funding opportunities is due to fresh restrictions placed by tech giants on data collection. Apple has recently made it more difficult for companies like App Annie to collect data from apps without user consent, and Google followed suit when it published new privacy laws that block the data analytics process. What may be seen as greater protection for users could be a boomerang for many companies such as App Annie.
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