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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Jul. 23, 5:55 PM

Slide #5. MeetMe Secondary Offering

Company: MeetMe (NASDAQ:MEET)
Date announced: 7/22/2014
Shares Offered: 5,000,000
Date of Pricing: 7/23/2014
Price Per Share: $2.00
Secondary Offering Details: MeetMe, Inc. (NASDAQ:MEET), the public market leader for social discovery, today announced its intention to offer shares of its common stock in an underwritten public offering. MeetMe expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering to cover overallotments, if any. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. updated 7/23 - MeetMe, Inc. (NASDAQ:MEET), the public market leader for social discovery, today announced that is has priced an underwritten public offering of 5,000,000 shares of its common stock at an offering price of $2.00 per share, for gross proceeds of approximately $10,000,000. MeetMe has also granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock to cover over allotments, if any. The offering is expected to close on July 28, 2014, subject to satisfaction of customary closing conditions.

MeetMe is social media technology company which owns and operates and and are collectively referred as the MeetMe Platforms. The MeetMe Platforms provides users with access to resources that promote social interaction, information sharing, and other topics of interest to users. Co. also provides online marketing capabilities, which enable marketers to display their advertisements in different formats and in different locations on its website. Co. makes meeting new people through social games and applications, monetized by both advertising and virtual currency. In addition, Co. operates and MeetMe apps on iPhone, iPad, and Android.
Open the MEET Page at The Online Investor »

Company Name:  MeetMe Inc.
Sector:  Application Software
Number of ETFs Holding MEET:  2
Total Market Value Held by ETFs:  $249575
Total Market Capitalization:  $86.00M
% of Market Cap. Held by ETFs:  0.29%

Open the MEET Page at The Online Investor (in a new window) »

July 23, 2014    5:55 PM Eastern
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Strong Buy (4.00 out of 4)
100th percentile
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