Overview

• MNTN's IPO priced at $16 per share, the high end of its expected range, giving the company a valuation of approximately $1.2 billion.
• The company began trading on the New York Stock Exchange under the ticker symbol 'MNTN' on May 22, 2025.
• Strong investor interest was evident, with demand outstripping available shares by 14 times, according to bankers' estimates.
• MNTN's Performance TV platform has grown significantly, with over 2,225 customers in 2024, driving $205.3 million in revenue, a 35.5% year-over-year increase.
• Ryan Reynolds, who has served as chief creative officer since 2021, remains in his role following the divestment of Maximum Effort in March 2025.