Ad Platform Moloco Said to Pick Goldman Sachs, JPMorgan for IPO

Advertising technology company Moloco has selected banks to arrange an initial public offering of the company, according to people familiar with the matter.

The California-based firm is working with Goldman Sachs Group Inc. and JPMorgan Chase & Co. on the first-time share sale, the people said, asking not to be identified as the information is private. The company held preliminary talks with potential advisers earlier this year, Bloomberg News reported in January.