Crossrider Raises $75M In London AIM IPO

September 29, 2014 | The digital advertising company Crossrider controlled by Teddy Sagi raised $75 million in its IPO on London’s AIM Stock Exchange. The money was raised at a company value of $250 million, after money. This will be Sagi’s third company to trade in London after Playtech Cyprus (PTEC) and SafeCharge International Group (SAFE). Shore Capital investment bank led the offering, and after the offering, Sagi was left with a 56 percent holding in the company, leaving the public 30 percent and the company’s employees 14 percent. Sagi acquired Crossrider in 2013 for $37 million, just 20 months after the company was founded by CEO Koby Menachemi and CTO Shmueli Achdut in 2011.