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Advertising campaign manager MediaMind Technologies sets IPO terms and timing

July 26, 2010

MediaMind Technologies (formerly Eyeblaster), a provider of digital advertising campaign management solutions to ad agencies, announced terms for its IPO on Monday. The New York, NY-based company plans to raise $75 million by offering 5 million shares at a price range of $14-$16. At the mid-point of the proposed range, MediaMind will command a market value of $326 million. MediaMind Technologies, which was founded in 1999 and booked $65 million in sales last year, plans to list on the NASDAQ under the symbol MDMD. J.P. Morgan and Deutsche Bank Securities are the lead underwriters on the deal, which is scheduled to price during the week of August 9th.