Ryan Reynolds’ Ad Firm MNTN, Holders Raise $187 Million in IPO

Connected TV advertising platform MNTN Inc. and some of its shareholders raised $187 million in an initial public offering priced at the top of a marketed range.

The Austin-based company — that counts Hollywood star Ryan Reynolds as its chief creative officer — and the selling shareholders priced 11.7 million shares at $16 each, according to a statement Wednesday.