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Online Video-Ad Network Tremor Video Files For Its IPO

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http://techcrunch.com – Video ad network Tremor Video has filed for its long-awaited public offering. The company’s shares will trade on the NYSE at TRMR and it wants to raise at least $86 million. Tremor Video, which runs ads on more than 500 Web sites and mobile apps, disclosed in its S-1 filing that from 2011 to 2012 its revenue increased from $90.3 million to $105.2 million. During that period, its gross margin improved from 35.2% to 41.7%, due in part to the adoption of its performance-based pricing models, while its net loss decreased from $21 million to $16.6 million. Since its founding in 2005, Tremor (IT news)