INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS
28 January 2011 - The underwriters of Demand Media Inc’s (NYSE:DMD) IPO have taken full advantage of the option for issuance of additional shares, the US-based online media firm said on Thursday.
Goldman Sachs & Company and Morgan Stanley & Company Inc are serving as book-runners of the IPO, assisted by UBS Securities LLC, Allen & Company LLC, Jefferies & Company Inc, Stifel Nicolaus & Company Inc, RBC Capital Markets Corp, Pacific Crest Securities LLC, Raine Securities and JMP Securities LLC as co-managers.
The option, for a maximum of 675,000 shares from the company and 660,000 shares from certain selling stockholders, was exercised at the IPO price of USD17.00 (EUR12.411) apiece. The move boosts the volume of the deal to 10.235m common shares.
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