Rocket Fuel, a US-based online advertising services company backed by phone maker Nokia’s corporate venturing unit, has reportedly picked investment banks Credit Suisse and Citigroup as lead underwriters for it’s planned initial public offering (IPO).
Newswire Reuters said Rocket Fuel’s flotation could happen this year.
Since its launch in 2008, Rocket Fuel has had five rounds raising $76.6m in aggregate. Its latest round in June included Nokia Growth Partners alongside venture capital firms Northgate Capital, Summit Partners, Cross Creek Capital and Mohr Davidow Ventures and financial services company Comercia Bank.
Previous rounds have also included law firms DLA Piper and Wilson Sonsini Goodrich & Rosati.