Millennial Media MM announced today the pricing of its
previously announced underwritten public offering of 10,000,000 shares
of its common stock at $14.15 per share. Millennial Media is selling
921,952 of its shares of common stock. An additional 9,078,048 shares
are being sold by Millennial Media stockholders. In addition, certain of
the selling stockholders have granted the underwriters a 30-day option
to purchase up to an additional 1,500,000 shares of common stock.
The proceeds of the primary portion of the offering will be used for
working capital and general corporate purposes. Millennial Media will
not receive any proceeds from shares of common stock to be sold by the
selling stockholders. As part of the underwriting procedures, Millennial
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in