Demand Is Strong For Demand Media IPO
Content farm Demand Media’s stock officially debuted on the New York Stock Exchange under the ticker symbol â€œDMDâ€ after its IPO, in which it raised $151.3 million and was valued at just under $1.5 billion.
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.
- Demand Media’s Q1 Revenue Beats The Street; Up 48 Percent To $79.5 Million
- Demand Media Downplays Changes to Google’s Search Algorithm
- Blekko Bans Content Farms Like Demand Media’s eHow From Its Search Results
- Populis, Europe’s Demand Media, Reports 2010 Revenues Of $83 Million
- Demand Media Buys Liveblogging Tool CoverItLive