Atel Ventures-backed Reply aborted its flotation in February due to market conditions.
Reply, a platform for the buying and selling of clicks backed by the corporate venturing unit of leasing business Atel, withdrew its initial public offering in February.
On February 1, Reply said: "The Company has elected not to proceed with the offering contemplated by the Registration Statement due to adverse market conditions."
Reply’s largest shareholder is executive chairman Payan Zamani (42.74%). The largest external investors are venture firms Scale Venture Partners (20.7%), Outlook Ventures (5.8%).
Reply is also backed by…
