ironSource Raises $80-$100M In Preparation For IPO

August 11, 2014 | Israeli company ironSource announced that it closed an investment round raising a sum ranging between $80-$100 million. A number of American, European and Asian investors contributed to the funding round ahead of the company’s initial public offering (IPO) scheduled for the second financial quarter of 2015. JP Morgan and Morgan Stanley were both hired as underwriters for the IPO, which is anticipated to be valued at nearly $1.5 billion. Founded in 2009 and headquartered in Tel Aviv, ironSource’s software manages downloads and optimizes processes in order to ensure a better installment success rate for PCs and mobile devices.