Millennial Media (MM) Prices IPO of 10.2M Shares at $13/Share

Millennial Media, Inc. (NYSE: MM) announced today the pricing of its initial public offering of 10.2 million shares of common stock at a price to the public of $13 per share. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "MM" on Thursday, March 29, 2012. A total of 9.2 million shares are being offered by Millennial, and a total of 1 million shares are being offered by selling stockholders. In addition, Millennial and the selling stockholders have granted the underwriters a 30-day option to purchase an aggregate of up to an additional 1.53 million shares. Millennial will not receive any proceeds from the sale of shares by the selling stockholders.

Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Barclays Capital Inc. are the joint bookrunners for the offering. Allen & Company LLC and Stifel Nicolaus Weisel are co-managers for the offering.

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