Demand Media Celebrates its IPO on the New York Stock Exchange
January 26 2011 - 9:50AM
Business Wire
Demand Media, Inc. today opened for trading on the New York
Stock Exchange under the ticker symbol “DMD” after its IPO, in
which it raised $151.3 million in gross proceeds. Demand
Media, Inc. is a leading online media company.
“We are thrilled to welcome Demand Media, Inc., a leading
innovator in the online media space, to our growing network of
technology-based listed companies,” said Scott R. Cutler, EVP and
Co-Head of U.S. Listings and Cash Execution, NYSE Euronext. “Demand
Media is at the forefront of transforming the media landscape and
we look forward to a lasting partnership with the company and its
shareholders.”
Background:
As of December 31, 2010, NYSE Euronext markets listed 585
technology companies with a total combined market capitalization of
$3.895 trillion. Notable recent tech listings include Youku.com
(YOKU); E-Commerce China Dangdang Inc (DANG); iSoftStone Holdings
Limited (ISS); Motorola Mobility Holdings, Inc. (MMI); Inphi
Corporation (IPHI), and Green Dot Corp. (GDOT).
In 2010, NYSE Euronext (NYX) led the U.S. market for Initial
Public Offerings (IPOs) and new listings both in total capital
raised as well as number of transactions, with $39.1 billion in IPO
proceeds raised on the New York Stock Exchange (NYSE) through a
total of 99 IPOS, including a rising share of technology
companies.
About Demand Media, Inc. (NYSE: DMD)
Demand Media, Inc. is a leading online media company that
informs, entertains and connects millions of people every day.
Through a portfolio of vertical web properties reaching over 100
million monthly visitors, a global network of digital partners, and
an innovative content studio, Demand Media publishes what the world
wants to know and share. Founded in 2006, Demand Media is
headquartered in Santa Monica, CA with offices in Bellevue, WA,
Austin, TX, Chicago, IL, New York, NY and London, UK. For more
information about Demand Media, visit: www.demandmedia.com
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial
markets and provider of innovative trading technologies. The
company's exchanges in Europe and the United States trade equities,
futures, options, fixed-income and exchange-traded products. With
approximately 8,000 listed issues (excluding European Structured
Products), NYSE Euronext's equities markets – the New York Stock
Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca –
represent one-third of the world's equities trading, the most
liquidity of any global exchange group. NYSE Euronext also operates
NYSE Liffe, one of the leading European derivatives businesses and
the world's second-largest derivatives business by value of
trading. The company offers comprehensive commercial technology,
connectivity and market data products and services through NYSE
Technologies. NYSE Euronext is in the S&P 500 index, and is the
only exchange operator in the S&P 100 index and Fortune 500.
For more information, please visit: http://www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements,
including forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include, but are not limited to,
statements concerning NYSE Euronext’s plans, objectives,
expectations and intentions and other statements that are not
historical or current facts. Forward-looking statements are based
on NYSE Euronext’s current expectations and involve risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in such forward-looking statements.
Factors that could cause NYSE Euronext’s results to differ
materially from current expectations include, but are not limited
to: NYSE Euronext’s ability to implement its strategic initiatives,
economic, political and market conditions and fluctuations,
government and industry regulation, interest rate risk and U.S. and
global competition, and other factors detailed in NYSE Euronext’s
reference document for 2009 ("document de référence") filed with
the French Autorité des Marchés Financiers (Filed on April 22, 2010
under No. D.10-0304), 2009 Annual Report on Form 10-K and other
periodic reports filed with the U.S. Securities and Exchange
Commission or the French Autorité des Marchés Financiers. In
addition, these statements are based on a number of assumptions
that are subject to change. Accordingly, actual results may be
materially higher or lower than those projected. The inclusion of
such projections herein should not be regarded as a representation
by NYSE Euronext that the projections will prove to be correct.
This press release speaks only as of this date. NYSE Euronext
disclaims any duty to update the information herein.
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