Millennial Media Prices Initial Public Offering – Shares Trading Tomorrow Morning
Moments ago, we just received the following press release (my comments below):
Millennial Media, Inc. (NYSE: MM) announced today the pricing of its initial public offering of 10.2 million shares of common stock at a price to the public of $13 per share.
The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “MM” on Thursday, March 29, 2012. A total of 9.2 million shares are being offered by Millennial, and a total of 1 million shares are being offered by selling stockholders.
In addition, Millennial and the selling stockholders have granted the underwriters a 30-day option to purchase an aggregate of up to an additional 1.53 million shares. Millennial will not receive any proceeds from the sale of shares by the selling stockholders.
Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Barclays Capital Inc. are the joint bookrunners for the offering. Allen & Company LLC and Stifel Nicolaus Weisel are co-managers for the offering.
The offering of these securities will be made only by means of a prospectus. A copy of the prospectus may be obtained from the offices of Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at prospectus@morganstanley.com or by phone at (866) 718- 1649; Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282, or by e-mail at prospectus-ny@ny.email.gs.com or by phone at (866) 471-2526; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by email atbarclaysprospectus@broadridge.
com or by phone at (888) 603-5847.A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission on March 28, 2012.
This is a proud moment for SiliconANGLE.com team because when Millennial was just starting to grow not one blog in Silicon Valley would write about them. Except SiliconANGLE. We saw what no one else saw: a talented team, experience in mobile advertising infrastructure, and a great product opportunity. They saw the same in SiliconANGLE. Millennial Media was SiliconANGLE’s first client in our innovative social media product called TrendConnect.
Millennial is second globally right behind Google. Soon Millennial will be first in the world.
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