The company plans to trade on the Nasdaq under ticker symbol MOTR, with Goldman Sachs and J.P. Morgan serving as co-lead underwriters.
Motricity reports around $113 million in 2009 revenue, compared to $103 million in 2008, with net loss shrinking to $16 million from $78 million.
The company has raised over $365 million in VC funding, from Advanced Equities (26.4% pre-IPO stake), Carl Icahn (21.12%), New Enterprise Associates (8.38%), Technology Crossover Ventures (5.54%), Massey-Burch Capital, Noro-Moseley Partners, Intel Capital, Qualcomm Ventures, Sienna Ventures, TriState Investment Group and Wakefield Group. www.motricity.com