Demand Media Stock Jumped 33% On Their First Day Of Trading
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
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, Livestrong.com, Cracked.com, Trails.com, GolfLink.com, and AnswerBag.com. 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.