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MediaMind Technologies prices IPO at $11.50, below the range

August 11, 2010

MediaMind Technologies, which provides digital advertising campaign management solutions to ad agencies, raised $57.5 million by offering 5,000,000 shares at $11.50, 23% below its $14.00 to $16.00 range. The stock is expected to open tor trading today on the NASDAQ under the symbol MDMD. J.P. Morgan and Deutsche Bank Securities acted as lead managers on the deal.