UPDATE 1-Ireland’s Velti files for up to $200 mln IPO

* Co plans to list on Nasdaq under “VELT”

* Jefferies to be lead underwriter

May 13 (BestGrowthStock) – Velti Plc filed with U.S. regulators on
Thursday to raise up to $200 million in an initial public
offering of common stock.

The Ireland-based company told the U.S Securities and
Exchange Commission in a preliminary prospectus that Jefferies
& Co will be the lead underwriter for the IPO.

The filing did not reveal how many shares the provider of
mobile marketing and advertising technology planned to sell or
their expected price.

The company intends to list its common stock on Nasdaq
under the symbol “VELT”.

Stock Market Report
(Reporting by Sweta Singh in Bangalore; Editing by Roshni
Menon)

UPDATE 1-Ireland’s Velti files for up to $200 mln IPO