Israeli online content distribution company Outbrain closing in on Wall Street IPO

Israeli online content distribution company Outbrain Inc. took another major step towards going public on Wednesday, announcing that it has confidentially submitted a draft registration statement with the U.S. Securities and Exchange Commission relating to its proposed initial public offering. The number of shares to be offered and the price range for the proposed offering have not yet been determined. According to the statement, the initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.