Millennial Media Shares Pop 100 Percent In Early Trading; Valued At Nearly $2 Billion

Mobile ad network Millennial Media just debuted on the New York Stock Exchange under the symbol ?MM,? and saw shares pop 97 percent in the first trade of $25. The company initially priced its IPO at $13 per share last night, after increasing the range on Tuesday. At $25 per share, Millennial's valuation jumps to nearly $2 billion. Trading reached as high as $27.90 in early trading. Millennial which filed its original S-1 in early January, raised over $130 million in the offering, which is up from $75 million originally stated in earlier filings.

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