Reuters: Global Markets: Online video advertising company YuMe rises 8 percent in debut

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Online video advertising company YuMe rises 8 percent in debut Aug 7th 2013, 13:49 Wed Aug 7, 2013 9:49am EDT (Reuters) - Shares of YuMe Inc (YUME.N) rose as much as 8 pct in their market debut after the online advertising company's initial public offering was priced 25 percent below the low end of the expected range. The company, which delivers Web-based video advertisements, priced its offering of 5.1 million shares at $9 per share and raised $46 million. It had initially set a range of $12-$14 per share. YuMe shares touched $9.73, valuing the company at $309 million. It has 31.67 million shares outstanding. YuMe is backed by venture capital firms Khosla Ventures and Accel Partners, which together now own 34 percent of the company.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions