BOOM: Millennial Media's Stock Nearly Doubles Its IPO Price At The Open

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Photo: Brent Schneeman via Flickr

Mobile ad network Millennial Media is having a nice trading debut.The IPO was priced at $13 a share, and its opening trade was around $25. It’s now trading around $26.

That’s an incredible pop!

On CNBC Jim Cramer was screaming that the mobile phone is the future, and so Millennial Media’s IPO pop makes some sense.

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