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Demand Is Strong For Demand Media IPO

January 26th, 2011 01:39 admin Leave a comment Go to comments

Content farm Demand Media’s stock officially debuted on the New York Stock Exchange under the ticker symbol “DMD†after its IPO, in which it raised $151.3 million and was valued at just under $1.5 billion.

And on its first day as a public company, Demand Media’s stock is performing well. The stock is up 36 percent from an initial pricing of $17 to $23.

Demand Media has been pursuing a content and media strategy of creating search-friendly articles and videos for its network of sites including eHow and many niche sites. It should be interesting to see if taking the company public will help increase revenue.

In 2009, Demand Media reported $22 million in losses on $198 million in revenues. In the first nine months of 2010, ithe company reported a net loss of $3 million, on revenues of $179 million.


Source: Demand Is Strong For Demand Media IPO

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