Millennial Media (MM) has raised its IPO price range to $11-$13, from a prior $9-$11. This...

|About: Millennial Media, Inc. (MM)|By:, SA News Editor

Millennial Media (MM) has raised its IPO price range to $11-$13, from a prior $9-$11. This translates into a valuation range of $824M-$974M. Millennial, estimated to control 18% of the fast-growing U.S. mobile display ad market, posted revenue of $103.7M (+117% Y/Y) and a net loss of $287K in 2011, per its latest S-1. However, after backing out developer payments, the company's sales are much lower.