Demand Media Stock Jumped 33% On Their First Day Of Trading

Demand Media Inc (NYSE:DMD) stock jumped about 33% in their first day of trading. Demand Media is best known as being a content farm that runs web sites like eHow,,,,, and Demand Media price their shares at $17 and now it is trading at about $21. It got as high as $22.65 per share during the company’s first day of trading, giving them a market value of $1.87 billion. Demand Media raised about $151.3 million in the IPO.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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