Demand Media Up 32 Percent In IPO
socalTECH
JANUARY 26, 2011
Santa Monica-based Demand Media , the online publishing network run by Richard Rosenblatt, had a huge reception in the public markets Wednesday, closing up 32 percent in its initial public offering. Demand, which debuted on the NYSE as DMD this morning, priced at $17.00, but soon shot up to as high as $25.00 The firm closed at $22.65
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