Mobile Ad Network Millennial Media Files to go Public
Millennial Media — one of the last large, independent mobile ad networks standing — filed for an initial public offering today.
The Baltimore, Maryland-based company lost $417,000 on $69.1 million in revenue for the first nine months of this year. That’s down from a $5.4 million net loss on $29.1 million in revenue in the same time a year before. While pricing stock option grants in June, Millennial valued itself at $305.3 million in June based on a multiple of 2.5
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