Millennial’s Media's shares hit $25, but dip on second day of trading
Mobile ad company Millennial Media shares lost some of yesterday’s blockbuster momentum, dropping 8.2 percent to $22.90 in early trading this morning.
The company’s shares, which trade under the MM symbol on the New York Stock Exchange, debuted on the market yesterday at $13. However, the first trade of the day popped their value to $25. Millennial shares finished yesterday at $25, but fell below $23 before 10:30 a.m. EST.
The company’s market cap is currently $1.73 billion.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in