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.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
