Ubiquitous Digital Ad Company Taboola Going Public

Taboola, the provider of digital ad space that frequently appears at the bottom of websites, is making its way to the stock exchange. The company announced Monday that it will do so via the preferred going-public vehicle of our age: a special purpose acquisition company (SPAC).

Taboola's current business will be parked into the SPAC, an existing stock called ION Acquisition Corp 1 Ltd. (NYSE: IACA), thus becoming a publicly traded company.

The transaction is expected to close in the second quarter, Taboola said. The resulting entity will do business under the current name, and its ticker symbol should change to TBLA.

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Source Fool.com