Millennial Media ups IPO price
Colin Gibbs- Tuesday, March 27, 2012
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Millennial Media has upped the price range for its upcoming IPO, TechCrunch reports, with the high end of the range valuing the company at nearly $1 billion. That’s an astoundingly high number, to be sure, but it illustrates just how effectively the company has fared in recent years against powerhouses like Apple and Google. Millennial was considered ripe for acquisition after AdMob and Quattro Wireless were acquired a couple of years ago, but it certainly appears it will continue to thrive on its own — and now as a public company.
