Velti soars as IPO priced at $12

28th Jan 2011 16:51

Shares in mobile marketing specialist Velti hit an all-time high as it priced its Nasdaq listing at $12 per share, well above its closing price in the UK yesterday. Velti wants to 12.52m shares, of which 11.1m will be new shares and 1.46m will come from existing shareholders. In addition, Velti and the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 1.88m over-allotment option.