According to the Wall Street Journal Demand Media has raised $151 million by offering 8.9 million shares at $17, above its expected range of $14 to $16.
The company originally filed to sell 7.5 million shares (of which 3 million were to be sold by insiders).
Demand Media will begin trading on Wednesday on the NYSE under the symbol DMD.
Demand of course own the 2nd largest domain registrar in the world, Enom,com as well as part of Namejet.com along with eHow.com which is ranked as the 23rd busiest site on the net according to Compete.com
One domainer who should be very happy about this news is Greg McNair of PPX which as Dnjournal.com talked about back in a cover story in October 2009 is a shareholder of Demand.