MediaMind Announces Exercise of Overallotment Option in Common Stock Offering
September 08 2010 - 4:00PM
Marketwired
MediaMind (NASDAQ: MDMD), the leading independent provider of
digital solutions, today announced that the underwriters of its
initial public offering have partially exercised their option to
purchase additional shares of common stock from the company to
cover overallotments, and will purchase 413,703 shares.
The exercise of the overallotment option brings the total number
of shares of common stock to be sold in the initial public offering
to 5,413,703. MediaMind offered all of the shares in the offering.
The aggregate net proceeds received by the company, including from
the overallotment option, are expected to be approximately $56.3
million, after deducting the underwriting discount and estimated
offering expenses payable by the company.
J.P. Morgan Securities LLC and Deutsche Bank Securities Inc.
served as joint bookrunners for the offering. The co-managers of
the offering were Stifel Nicolaus Weisel, Pacific Crest Securities
LLC and ThinkEquity LLC.
About MediaMind
MediaMind is a global provider of digital advertising solutions
that optimize the use of media, creative and data for enhanced
performance. Our unique platform incorporates display ad serving,
search, rich media, video, dynamic ads, mobile and emerging media;
providing marketers with a cross-channel view of ad campaigns. Our
leading Eyeblaster Rich Media and Video capabilities service the
most innovative and inspiring global digital campaigns.
The company is committed to publisher-neutrality to assure the
broadest range of media choices for its customers. MediaMind is
certified and complies with the three IAB measurement guidelines:
ad serving, video and rich media.
Headquartered in New York, MediaMind has over 35 representation
offices across all major markets worldwide. In 2009, MediaMind
delivered campaigns for over 7,000 brands, serving approximately
3,350 agencies across over 5,150 global web publishers in 55
countries worldwide. Learn more at: http://www.mediamind.com.
Contact: Sarit Firon, CFO MediaMind sarit.firon@mediamind.com
646.437.3754
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