Tremor Video shares edge down in trading debut

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Associated Press

Posted on June 27, 2013 at 10:02 AM

NEW YORK (AP) — Shares of Tremor Video Inc. edged down slightly in their first hours of trading Thursday, after the company raised $75 million in its initial public offering.

Tremor shares fell 6 cents to $9.94 in morning trading, after rising as high as $11.09 and falling as low as $9.50 earlier in the session. The shares are listed on New York Stock Exchange under the symbol "TRMR."

Tremor sold 7.5 million shares for $10 each in its IPO, below an expected range of $11 to $13.

New York-based Tremor provides an in-stream video ad network for internet-connected devices like computers, smartphones and tablets.

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