Baltimore – Millennial Media, the Baltimore-based developer of mobile ad technology, said last week’s initial public offering (IPO) wound up raising $152.5 million after underwriters exercised their option to purchase additional shares to cover over allotments.
With the move, the company sold another 873,000 shares, with another 657,000 coming from selling stockholders. The IPO, which priced last Wednesday, originally included 10.2 million shares at $13 each.
The stock is now trading on the New York Stock Exchange under the symbol “MM.” Click here for the latest price.
This article was also published in Potomac Tech Wire.
Related links:
Millennial Media – company site
Millennial Media – press release
Photo by Flickr user RambergMediaImages, used under Creative Commons license
