Marin Software has raised $105m (£69m) from its IPO (Initial Public Offering).
Marin floated 7.5m shares of common stock, each priced at $14 – above the expected price range of $11-13 per share.
Marin, which was founded in 2006, provides a platform for managing digital ad campaigns running on a range of publishers including Google, Bing, and Facebook. Two weeks ago, the company merged its ad platform together with Adforms in order to widen its reach. 
The company saw revenue increase by 65 per cent year-on-year in 2012 – and says the figure has more than tripled over the past three years.
Underwriters have also been granted a 30-day option to purchase up to an additional 1.1m shares of common stock at the same price as the IPO.
