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January 6, 2012 06:43 am GMT

Millennial Media Files For IPO, Keeping Status As The Top Independent Mobile Ad Network

Screen Shot 2012-01-05 at 5.41.34 PMAs the second-largest mobile ad network, and the top independent one, Millennial Media is the first to try to get an exit the old-fashioned way. It filed its S-1 documents today as the first step in going public, having nearly achieved profitability.According to the filing, its revenues grew to nearly $70 million in the first nine months of 2011, a 138% increase over the same period in 2010; net losses, meanwhile, declined from $5.4 million to $417,000.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/BVCCS4pRXPw/

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