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TheDomains.com

Demand To Go Public Tomorrow

January 25, 2011 by Michael Berkens

According to several reports Demand Media is going public tomorrow (another report here).

With a target price of between $14-$16 a share, I got a call today from a broker who said they were oversubscribed and they expected trading to being north of $17 a share.

There will be many people at Domainfest next week with restricted shares in their pockets and Demand becoming public will add some extra attention to the domain industry during its busiest show.

Filed Under: Publicly Traded Domain Co

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

« Yahoo Search Revenue Down 27% & They Cut 1% Of WorkForce
Update: It’s Official: Demand Goes Public At $17 a Share Becoming The Largest Internet IPO Since Google »

Comments

  1. LS Morgan says

    January 25, 2011 at 6:27 pm

    Pay close attention to the changes at G and you can get ahead of the market on this one.

  2. Jeff Schneider says

    January 25, 2011 at 7:22 pm

    Hello Mike,

    Contact ! Complete Infrastructue optimal for Warp Speed on The Expansion of The Web. More and more deals , in cyberspace, can you believe it?

    Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)

  3. Brad says

    January 26, 2011 at 2:49 am

    I think it is time to load up on put options.

    Brad

  4. Brad says

    January 26, 2011 at 4:21 am

    “Demand Media said it posted $3 million in losses on $179 million in revenue for the first nine months of 2010. It estimated fourth-quarter revenue to be between $71.5 million and $73.5 million, with a bottom line somewhere between a net loss of $1.9 million and a profit of $600,000.

    The company had posted a $30-million net loss on $198 million in revenue in 2009.”

    Not exactly sparking financials there.

    With generally garbage content, and more competition daily, I am just not seeing the upside here as they rely far too heavily on search engines like Google ranking their content well.

    Brad

  5. Joel says

    January 26, 2011 at 9:55 am

    Well said Brad. I couldn’t agree more.

  6. Joey Starkey says

    January 26, 2011 at 2:31 pm

    Is Google not basically basically gunning for sites that utilize their business plan?

    I think I will keep my few odd cents tucked under my mattress.

  7. William says

    January 26, 2011 at 10:46 pm

    This is a good short depending upon how much of their revenue comes from content farms (obviously Enom is a good business). I predict Google will cease doing business with them within 12 months.


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