Who Owns PubMatic Company?

PubMatic Bundle

Get Full Bundle:

	BCG	$15	$10
	5 FORCES	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10
	SWOT	$15	$10

TOTAL:

ADD TO CART

Who Owns PubMatic?

Understanding a company's ownership is key to grasping its trajectory. PubMatic, a significant player in digital advertising technology, transitioned to public ownership via its IPO on December 9, 2020. Founded in 2006, the company is based in Redwood City, California.

PubMatic's platform is designed to streamline programmatic advertising for publishers and app developers, helping them optimize ad revenue. As of August 1, 2025, the company's market capitalization stands at $563.48 million.

The ownership landscape of PubMatic includes its founders, early investors, and a substantial base of public shareholders following its IPO. This structure reflects the company's growth from its inception, driven by a vision to enhance the publisher side of the digital ad ecosystem. Exploring its ownership reveals the influence of various stakeholders on its strategic decisions and market position, including the impact of solutions like the PubMatic BCG Matrix.

PubMatic was established in 2006 by a group of visionary founders, including brothers Rajeev Goel and Amar Goel, alongside Anand Das and Mukul Kumar. Their collective aim was to build a software company specifically for publishers, recognizing a gap in the ad tech industry. This foundational period set the stage for the company's future growth and ownership structure.

Founding Team

PubMatic was co-founded in 2006 by Rajeev Goel, Amar Goel, Anand Das, and Mukul Kumar. These individuals brought together their expertise to address the needs of the publisher segment within the ad tech landscape.

Key Roles

Rajeev Goel currently leads as CEO, while Amar Goel serves as Founder, Chairman, and Chief Innovation Officer. Mukul Kumar is the Co-Founder and President of Engineering, and Anand Das, also a co-founder, was instrumental in developing the company's technological strategy.

Early Development

The initial software development for PubMatic took place in Pune, India. This early focus on technological foundation was crucial for the company's subsequent operations and market positioning.

Early Investment

By approximately 2012, PubMatic had successfully secured $45 million in funding from investors. This significant early investment underscored the confidence in the company's vision and potential.

Founder Control Mechanism

The company employs a dual-class share structure. This structure, where Class B shares have ten votes per share compared to Class A's one vote, is designed to maintain founder control over corporate decisions.

Strategic Vision

This dual-class share system reflects the founding team's commitment to long-term strategic direction and control. It ensures that the founders' vision continues to guide the company's trajectory.

While specific initial equity allocations for the founders are not publicly disclosed, the implementation of a dual-class share structure is a key indicator of how PubMatic ensures continued founder influence. This structure is common among technology companies aiming to preserve the original vision and strategic control of their founders, even as they grow and potentially seek public investment. This approach is vital for maintaining a consistent long-term strategy, as detailed in the Brief History of PubMatic.

PubMatic SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

PubMatic's journey as a public company began with its IPO on December 9, 2020, on the Nasdaq Global Market under the ticker 'PUBM.' The initial offering priced shares at $20.00, with a total of 5,900,000 shares made available. This event established the company's market capitalization at approximately $956.53 million, quickly surging to over $1.4 billion on its debut day. By August 1, 2025, the market cap had adjusted to $563.48 million.

PubMatic's ownership structure is significantly influenced by its dual-class share system, where Class B shares carry ten times the voting power of Class A shares. This arrangement ensures that insiders, including directors, executive officers, and 5% stockholders, maintain a substantial controlling interest, holding approximately 90.5% of the total voting power immediately after the IPO. As of July 14, 2025, institutional investors collectively own 74.15% of PubMatic's stock. Key institutional shareholders include BlackRock, Inc., Vanguard Group Inc, Graham Holdings Co, Dimensional Fund Advisors Lp, and State Street Corp, which together held 30,454,308 shares as of July 25, 2025. Other significant institutional investors are Renaissance Technologies Llc, Wellington Management Group Llp, and Geode Capital Management, Llc. In 2024, the company actively engaged in share repurchases, buying back 4.3 million shares, representing 7.9% of its diluted shares, utilizing $134.6 million of its cash reserves, with $40.4 million remaining in the repurchase program as of December 31, 2024. These buybacks can alter the public float and concentrate ownership among the remaining shareholders.

Understanding PubMatic's Shareholder Landscape

PubMatic's shareholder base is a mix of institutional investors and insiders, with a significant portion of voting power concentrated due to its dual-class share structure. Understanding who owns PubMatic provides insight into its governance and strategic direction.

• PubMatic is a publicly traded company listed on the Nasdaq Global Market under the ticker 'PUBM'.
• Institutional ownership accounted for 74.15% as of July 14, 2025.
• Major institutional shareholders include BlackRock, Inc. and Vanguard Group Inc.
• The dual-class share structure grants Class B shareholders significantly more voting power.
• Insider ownership represents a substantial portion of the company's voting control.

PubMatic PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

The current board of directors at PubMatic includes Amar Goel (Chairman), Rajeev Goel (CEO), Susan Daimler, Jacob Shulman, Shelagh Glaser, Nick Mehta, Anton Hanebrink, and Ramon Jones. As founders, both Amar Goel and Rajeev Goel hold significant roles on the board. The company's governance principles address the situation where the Chairperson and CEO are not independent, by designating a lead independent director.

PubMatic's voting power is structured through a dual-class common stock system. Class A common stock is entitled to one vote per share, while Class B common stock carries ten votes per share. This arrangement gives holders of Class B stock, primarily founders and insiders, significantly more control. Post-IPO, Class B stock accounted for approximately 98.6% of the total voting power. Directors, executive officers, and major stockholders collectively held about 90.5% of the voting power, enabling them to influence key decisions such as director elections and potential acquisitions, thereby limiting the influence of public Class A shareholders.

Understanding PubMatic's Shareholder Structure

PubMatic's ownership is heavily influenced by its dual-class stock system. This structure ensures that founders and early investors retain substantial control over the company's direction.

• Class B shares have 10 votes per share, while Class A shares have 1 vote per share.
• Founders and insiders hold the majority of Class B shares.
• This concentration of voting power impacts PubMatic's corporate governance.
• Understanding this structure is key to grasping PubMatic ownership.
• For insights into how the company operates, consider the Marketing Strategy of PubMatic.

PubMatic Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

In recent years, PubMatic's ownership structure has been influenced by strategic share repurchases and evolving institutional investor activity. The company has actively managed its share count, aiming to enhance shareholder value and potentially consolidate ownership. These actions reflect a dynamic approach to capital allocation within the public company framework.

Institutional ownership in PubMatic has shown an upward trend, with institutions holding a significant portion of the company's stock as of July 14, 2025. While there was net selling activity by institutions in the last quarter, indicating portfolio adjustments, the overall institutional presence remains substantial. Concurrently, insider selling has been noted, with key executives like the CEO and CFO divesting shares in the past six months. Despite these individual transactions, the company's dual-class share structure is designed to ensure that insiders maintain considerable control over PubMatic's strategic direction. The company's focus on growth areas such as Connected TV (CTV), which saw its revenue double year-over-year and contribute 20% to total revenue in Q4 2024, alongside strategic partnerships like the one with Mantis in July 2025, are key factors influencing its market standing and potential future ownership dynamics within the ad tech sector. Understanding these shifts is crucial for anyone looking into Competitors Landscape of PubMatic.

Institutional Ownership Trends

As of July 14, 2025, institutional ownership stood at 74.15% with 376 shareholders. This indicates a strong presence of institutional investors in PubMatic's stock.

Share Repurchase Activity

PubMatic has actively repurchased shares, authorizing an increase of $100 million to its program in May 2025. This strategy aims to return value to shareholders and manage share count.

Insider Transactions

Notable insider selling occurred in the six months leading up to January 21, 2025, with the CEO and CFO selling shares. However, the dual-class share structure maintains insider control.

Strategic Growth Areas

Investments in high-growth sectors like Connected TV (CTV) are significant, with CTV revenue doubling year-over-year in Q4 2024. This strategic focus impacts PubMatic's market position and ownership outlook.

PubMatic Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔