Demand Media’s stock is now up more than 37 percent on its first day of trading. As we reported yesterday, the company had already priced its shares at $17, above the $14 to $16 a share it had initially said it would sell its stock for. Investors have bid up the company’s stock to $23.40 a share, giving the company a market value of $1.942 billion.
Source: http://feeds.paidcontent.org/~r/pcorg/~3/sDsK_4yx9Fo/
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