S&P 500
7,582.20
+0.03%
Dow Jones
51,018.80
+0.58%
Nasdaq 100
30,344.40
+0.25%
Russell 2000
2,916.31
-0.54%
FTSE 100
10,378.60
-0.32%
Nikkei 225
66,231.90
+0.67%

Telecom & Wireless

Millennial Media Lifts Price Range of IPO (GOOG, AAPL)

Photo of Paul Ausick
By Paul Ausick Published

Invalid Image
Mobile advertising network Millennial Media Inc. filed its Form S-1 with the SEC in early January with a suggested price range of $11-$13/share. The company filed an amended S-1 today, lifting the proposed price to $13/share. At the price, Millennial would be valued at nearly $974 million.

Millennial is the third largest mobile ad network in the US, trailing AdMob from Google Inc. (NASDAQ: GOOG) and iAds from Apple Inc. (NASDAQ: AAPL).

The company plans to sell 9.2 million shares. Current owners plan to sell an additional 1 million shares and the underwriters have an over-allotment option on an additional 1.53 million shares. The company expects to net about $115 million if the underwriters exercise their options.

Millennial’s shares will trade on the NYSE under the symbol ‘MM’.

The full filing is available here.

Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Paul Ausick |

IPO Preview: A Blizzard of New Offerings Next Week

ThinkstockAs many as 11 companies could be holding initial public offerings (IPOs) next week. The firms run the gamut, from…

Jon C. Ogg |

Millennial Media Prices Hot IPO (MM)

Millennial Media, Inc. (NYSE: MM) has priced its initial public offering for trading to begin on Thursday.  Some 10.2 million…

Paul Ausick |

Anticipation Remains Ahead of TrueCar IPO

TrueCar Inc.One of our top 10 initial public offerings (IPOs) to watch in 2014 was TrueCar Inc., which has filed…

Paul Ausick |

There Is Never a Wrong Time to Issue More Tesla Stock

The latest secondary stock offering from Tesla Motors was perhaps even a bigger success than expected.

Paul Ausick |

This Week’s IPOs: JD.com, SunEdison Semiconductors, Parsley Energy, Five Others

ThinkstockThe coming week is another busy one for initial public offerings (IPOs) with eight scheduled to price and begin trading…

Douglas A. McIntyre |

14 IPO Updates for 2010 (BX, INTC, QCOM, NVS, CNVO, EVDY, FFN, GNRC, GRM, CTC, IRWD, JKS, MOTR, QNST, RYI)

The IPO market is off to a rough start so far in 2010.  We have seen very recent developments in…

Paul Ausick |

Can Tesla Stock Withstand a Secondary Share Sale?

Tesla plans to use the net proceeds of a secondary offering to "accelerate the growth of our business in the…

Chris Lange |

Momo Gears Up for IPO

Chinese social networking company Momo announced Thursday morning that it has priced its initial public offering.

Paul Ausick |

Online Real Estate Firms Jockey for Position (TRLA, Z, MOVE)

ThinkstockReal estate information service Trulia Inc. (NYSE: TRLA) today filed an amended Form S-1 with the Securities and Exchange Commission…

Top Gaining Stocks

Dell Technologies
DELL • Vol: 42,366,555
NetApp
NTAP • Vol: 15,911,807
ServiceNow
NOW • Vol: 68,243,561
IBM
IBM • Vol: 28,527,546
Hewlett Packard Enterprise
HPE • Vol: 86,996,387

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Clorox
CLX • Vol: 4,744,001
ResMed
RMD • Vol: 3,526,686
Intel
INTC • Vol: 191,680,425
Skyworks Solutions
SWKS • Vol: 5,407,806