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Millennial Media Sets Price Range For IPO

Mobile ad network Millennial Media [1] has increased the price range per share for its upcoming IPO to USD 11 to USD 13 per share. The company previously had set the range at USD 9 to USD 11 per share.

The company plans to list on the New York Stock Exchange under the symbol ‘MM’ – the network, which filed its original S-1 in early January, aims to
raise as much as USD 152.5 million in the offering, which is up from USD 75
million originally stated in earlier filings.