MediaMind Expects $73 Million in IPO

MediaMind Technologies plans to offer 5 million shares for $14 to $16 each on the Nasdaq under the symbol MDMD.
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NEW YORK (

TheStreet

) --

MediaMind Technologies

, a New York-based digital advertising company, has filed an initial prospectus with the

Securities and Exchange Commission

to take the company public.

According to the company's August 4 regulatory filing, MediaMind intends to offer 5 million shares at $15 and will list on the Nasdaq under the symbol MDMD. The company anticipates raising approximately $73 million in the offering.

MediaMind, formerly known as Eyeblaster, said its revenue was up about 2% in 2009 to $65.1 million from $63.8 million in 2008. Earnings rose more than 50% last year to $8.2 million from $5.3 million.

The company has more than 35 representation offices across the world and in 2009 it delivered campaigns for over 7,000 brands in 55 countries.

Its IPO underwriters include

JPMorgan

(GOOG) - Get Report

,

Deutsche Bank

(DB) - Get Report

and

Pacific Crest Securities

.

-- Reported by Theresa McCabe in Boston.

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