Demand Media Files $125 Million IPO |
| Wall Street Journal - Aug 6, 2010 |
High-profile Internet company Demand Media Inc. filed to sell an estimated $125 million of stock through an initial public offering, making a much-awaited debut on the public markets.
The documents, filed with the Securities and Exchange Commission on Friday, didn't detail a valuation for the company, but two people familiar with the matter said the IPO is expected to value the company at about $1.5 billion.
Demand Media mass-produces news and entertainment articles, as well as videos that it publishes on a network of its websites, such as eHow.com, or other properties including Google Inc.'s video site YouTube.
In its filing, the Santa Monica, Calif.-based company reported its earnings for the first time. For the six months ended June 30, the company posted a loss of $22.3 million on revenue of $114 million, narrower than the loss of $28.9 million on revenue of $91.3 million in the same period of 2009.
Read Full Article from Wall Street Journal
- Posted: 2010-08-06 21:55:37
| More Stock Investor Place Company News |
 |
|
|
|
| Stock Investor Place Company News Archive |
|
|
|
