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March 27, 2012 04:31 pm GMT
Mobile ad network Millennial Media has increased the price range per share for its upcoming IPO to $11 to $13 per share. The company previously had set the range at $9 to $11 per share.The network, which filed its original S-1 in early January, aims to raise as much as $152.5 million in the offering, which is up from $75 million originally stated in earlier filings. The company plans to list on the New York Stock Exchange under the symbol "MM." At the high-end of the range set today, Millennial could be valued at nearly $1 billion ($973.5 million to be exact).
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/cCQ0QTn_iH8/
Millennial Media Sets Price Range For IPO At $11 To $13 Per Share, Valued At $974M
Mobile ad network Millennial Media has increased the price range per share for its upcoming IPO to $11 to $13 per share. The company previously had set the range at $9 to $11 per share.The network, which filed its original S-1 in early January, aims to raise as much as $152.5 million in the offering, which is up from $75 million originally stated in earlier filings. The company plans to list on the New York Stock Exchange under the symbol "MM." At the high-end of the range set today, Millennial could be valued at nearly $1 billion ($973.5 million to be exact).Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/cCQ0QTn_iH8/
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