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YuMe, Inc. (YUME) Files $65M IPO

July 2, 2013 4:57 PM EDT Send to a Friend
YuMe, Inc. (NYSE: YUME) filed a registration with the U.S. Securities and Exchange for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $65 million. The Company filed to list on the New York Stock Exchange under the ticker, "YUME."

The offering is being made through Citigroup, Deutsche Bank Securities, Barclays, Needham & Company, and Piper Jaffray.

Brief financial summary from the company: "During the three months ended March 31, 2013 our revenue was $26.6 million, a 33% increase over the same period in 2012, while our gross margin expanded to 45% from 43%. We recorded a net loss of $3.3 million and adjusted EBITDA of $(1.6) million for the three months ended March 31, 2013, compared with a net loss of $1.5 million and adjusted EBITDA of $(0.5) million for the three months ended March 31, 2012. In 2012, our revenue was $116.7 million, a 70% increase over 2011, while our gross margin expanded to 46% from 38%. We recorded net income of $6.3 million and adjusted EBITDA of $11.8 million in 2012, and a net loss of $11.1 million and adjusted EBITDA of $(7.4) million in 2011."

YuMe is an independent provider of digital video brand advertising solutions.




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Piper Jaffray, Deutsche Bank, Citi, Needham & Company, Barclays

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