Iclick Interacti - ICLK STOCK NEWS

iClick Interactive Asia Group Limited (NASDAQ: ICLK) has announced its acquisition of CMRS Group Holding Limited, a leader in marketing automation in Greater China. The deal comprises cash and iClick's American Depositary Shares, contingent on customary conditions. CMRS enhances iClick's capabilities in data-driven consumer journey management, cross-channel marketing, and inbound marketing. iClick anticipates CMRS's profitability and resources will significantly contribute to its Enterprise Solutions in the near to medium term, enhancing overall product offerings and market reach.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) will announce its unaudited third quarter 2020 financial results on November 24, 2020, before U.S. market opens. CEO Jian "T.J." Tang and CFO Terence Li will discuss the company's performance during a conference call at 8:00 AM ET. The call will be accessible via dial-in and a webcast will be available on the investor relations website. iClick provides online marketing and enterprise data solutions, facilitating connections between global marketers and audiences in China.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) has launched its "Chinese Travel Shoppers White Paper 2020" at the Moodie Davitt Virtual Travel Retail Expo. The White Paper analyzes three travel groups among Chinese consumers and their purchasing behaviors. Notably, there were 169 million outbound trips by Chinese tourists in 2019, and projections estimate that this could rise to 300 million by 2027. The report aims to provide insights into the evolving travel retail landscape, particularly in light of COVID-19 challenges, offering crucial data to marketers targeting this demographic.

iClick Interactive Asia Group Limited (Nasdaq: ICLK) is an online marketing technology platform based in Hong Kong, focusing on programmatic advertising and enterprise data solutions. In FY19, ICLK generated nearly US$200 million in SaaS revenue, contributing over 10% of total revenue by 2020. The company's alliance with Tencent as a core SaaS provider is expected to boost its valuation, with analysts projecting an upside of 80% from recent closing prices. ICLK anticipates its SaaS segment's revenue to grow to 28% of total revenue by FY22.

On October 12, 2020, iClick Interactive Asia Group Limited (NASDAQ: ICLK) announced an increased controlling interest in Changyi, a leading software vendor in China focusing on intelligent retail and CRM solutions. This acquisition enhances iClick's Enterprise Solutions with data analytics and social e-commerce capabilities, aiding brands in adapting to market changes accelerated by COVID-19. iClick aims to launch products on multiple platforms to boost sales and expects to leverage synergies from Changyi for regional expansion, particularly in the ASEAN market.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) has launched a new marketing analysis tool called iNsights. This tool offers brands in-depth consumer behavior insights to enhance marketing campaigns. iNsights streamlines cross-channel campaign tracking and analysis, providing reliable data and user-friendly graphics for effective re-targeting. It integrates with iClick's iSuite products, facilitating a full campaign cycle. According to Frankie Ho, the launch aligns with iClick's commitment to delivering comprehensive marketing solutions driven by data and algorithms.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) has successfully closed a follow-on offering of 8,500,001 American depositary shares (ADSs), with iClick selling 6,877,214 ADSs and Sumitomo Corporation Equity Asia Limited selling 1,622,787 ADSs. Notably, iClick will not receive proceeds from the latter. Co-founders and key shareholders purchased 117,646 ADSs at the public offering price. A 30-day underwriter option allows for an additional 15% of ADSs to be purchased. This offering follows prior SEC filings, with a registration statement declared effective on July 15, 2019, and additional filings made in September 2020.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) has announced an increase in its follow-on offering of American depositary shares (ADSs) from 7,922,787 to 8,500,001 ADSs, priced at US$8.50 per ADS. Of these, iClick will offer 6,877,214 ADSs, while 1,622,787 ADSs will be sold by Sumitomo Corporation Equity Asia Limited, with iClick receiving no proceeds from this sale. The offering is expected to close on September 8, 2020. Notably, principal shareholders intend to purchase US$1 million of the ADSs. BofA Securities is the lead manager for the offering.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) has announced a follow-on offering of up to 7,922,787 American depositary shares (ADSs), with two ADSs representing one Class A ordinary share. Of this offering, 6,300,000 ADSs are being offered by iClick, while 1,622,787 ADSs are being offered by a selling shareholder, Sumitomo Corporation Equity Asia Limited. iClick will not receive any proceeds from the latter's sale. The offering includes a potential 30-day option for underwriters to purchase an additional 15% of the ADSs sold.