Outbrain, a leading recommendation platform for the open web, announced today the launch of its initial public offering of 8,000,000 shares of its common stock. The initial public offering price is currently expected to be between $24.00 and $26.00 per share of common stock. The underwriters will have a 30-day option to pursue an additional 1,200,000 shares of common stock from Outbrain at the initial public offering price, less underwriting discounts and commissions. Outbrain has applied to list its common stock on the Nasdaq Global Market under the symbol “OB.”

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Citigroup, Jefferies, Barclays, and Evercore ISI will serve as joint bookrunners for the proposed offering. JMP Securities, Needham & Company and LUMA Securities will act as co-managers.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from any of the following sources:

• Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by phone at (800) 831-9146 or by email at prospectus@citi.com;
• Jefferies, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2^nd Floor, New York, NY 10022, by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com;
• Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at (888) 603-5847 or by email at barclaysprospectus@broadridge.com;
• Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by telephone at (888) 474-0200 or by e-mail at ecm.prospectus@evercore.com.

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A registration statement relating to the proposed sale of these securities has been filed with the SEC but has not yet become effective.   These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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