Demand Is Strong For Demand Media IPO
January 26, 2011 at 12:39 PM EST
Content farm Demand Media's stock officially debuted on the New York Stock Exchange under the ticker symbol “DMD” after its IPO, in which it raised $151.3 million and was valued at just under $1.5 billion. And on its first day as a public company, Demand Media's stock is performing well. The stock is up 36 percent from an initial pricing of $17 to $23.