Millennial Media Files Registration Statement For Proposed Follow-on Offering

Gail Chiasson, North American Editor

Baltimore-based Millennial Media Inc. has announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed follow-on offering of shares of its common stock.

Millennial Media is proposing to sell up to one million of its shares. An additional nine million shares will be sold by Millennial Media stockholders. 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 Media, all selling stockholders, as well as all officers and directors, have agreed to lock-up agreements for a period of 90 days following the offering.

Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Barclays Capital Inc. will serve as joint bookrunners for the proposed offering. A copy of the prospectus, when available, can be obtained from any of these three.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

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