Tremor Video shares edge down in trading debut

Jun 27, 2013

(AP)—Shares of Tremor Video Inc. edged down slightly in their first hours of trading Thursday, after the company raised $75 million in its initial public offering.

Tremor shares fell 22 cents to $9.78 in morning trading, after rising as high as $11.09 and falling as low as $9.50 earlier in the session.

The broader markets were up slightly.

Tremor sold 7.5 million shares for $10 each in its IPO, below an expected range of $11 to $13.

It also granted the offering's underwriters—Credit Suisse Securities (USA) LLC and Jefferies LLC—a 30-day option to buy up to an additional 1.1 million shares, which could raise as much as an additional $11.3 million.

New York-based Tremor provides an in-stream video ad network for internet-connected devices like computers, smartphones and tablets. It plans to use proceeds from the offering for general corporate purposes, including possible acquisitions.

The shares are listed on New York Stock Exchange under the symbol "TRMR."

Explore further: Clooney slams skittish Hollywood after Sony hack

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Tableau Software soars in trading debut

May 17, 2013

(AP)—Tableau Software shares soared in their trading debut Friday after the company and some of its investors raised about $254.2 million in its initial public offering.

Recommended for you

2012 movie massacre hung over 'Interview' decision

9 hours ago

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

Clooney slams skittish Hollywood after Sony hack

15 hours ago

Film star George Clooney slammed the Hollywood movie industry for failing to stand up against the cyber threats that prompted Sony Pictures to cancel release of the movie "The Interview."

Atos shares soar after Xerox acquisition

18 hours ago

Shares in French tech firm Atos soared nearly five percent on Friday as traders cheered the news it had bought the IT wing of Xerox for more than $1 billion.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.