YuMe rings Wall Street bell on IPO

Parent Category: News | 08-08-2013

Digital online video brand advertising solutions provider YuMe has opened trading for initial public offering by ringing the famous Opening Bell at the New York Stock Exchange.

The opening price of the 5,125,000 shares of common stock was $9 per share with underwriters granted a 30-day option to purchase up to an additional 768,750 shares of YuMe common stock from certain selling stockholders at the IPO price.

Citigroup, Deutsche Bank Securities and Barclays are acting as joint book-running managers for the offering. Needham & Company and Piper Jaffray are acting as co-managers.

"As consumers’ media consumption continues to fragment across screens, YuMe solves the digital video challenges of brand advertisers by making it easier for advertisers to discover receptive audiences in attentive situations, like never before,” commented Jayant Kadambi, co-founder & CEO of YuMe. “What better place to share our story with the world, than on the biggest stage in business, the NYSE.”

Read more: YuMe rings Wall Street bell on IPO | Rapid TV News http://www.rapidtvnews.com/index.php...#ixzz2bOMdLJB8