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Alphonso Inc. has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public listing of its common stock, according to a company statement.
The Connected TV advertising company said the registration statement is expected to become effective after the SEC completes its review process, subject to market and other conditions.
The filing represents a step toward taking the company public, though the timing and terms of any potential offering remain undetermined. The confidential submission process allows companies to engage with SEC staff on their registration materials before making them publicly available.
Alphonso describes itself as operating in the Connected TV advertising sector. The company has not disclosed financial details or the number of shares it plans to offer in the potential public listing.