WASHINGTON (dpa-AFX) - Tremor Video, which provides video advertising solutions for internet-connected devices, announced the pricing of its initial public offering of 7.5 million common shares at $10.00 per share, below its expected price range.
In the amended S-1 filing with the SEC on June 14, the company had expected the pricing between $11.00 and $13.00 per share.
Tremor Video, which was founded in 2005, has granted underwriters a 30-day option to purchase up to an additional 1.125 million shares to cover over-allotments, if any.
The New York-based company shares are expected to begin trading on NYSE under the ticker symbol 'TRMR' on June 27, 2013.
Credit Suisse Securities (USA) LLC and Jefferies LLC serve as joint book-running managers for the offering. Canaccord Genuity Inc. and Oppenheimer & Co. Inc. are co-managers for the offering.
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