Mobile Ad Network Millennial Media Prices IPO At $13 Per Share

After setting a price range yesterday, mobile ad network Millennial Media has priced its IPO of 10.2 million shares of common stock at $13 per share. This is the high end of the range that Millennial reported yesterday, and values the company at $973.5 million. Millennial's shares will list on the New York Stock Exchange tomorrow morning under the symbol "MM." Millennial says that a total of 9.2 million shares are being offered by the company, and a total of 1 million shares are being offered by selling stockholders. Morgan Stanley, Goldman Sachs, Barclays, Allen & Company and Stifel Nicolaus Weisel are all underwriters for the offering.

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