Shares in Demand Media which started trading today on the NYSE under the symbol DMD which were priced at $17 a share started trading at $23.50
In the first half our of trading the stock has already hit a high of $25 a share, which represents a 47% gain over the issue price.
The shares are currently trading as of time of publication at $22.24 an increase of about 33% from its offer price.
I do think regardless of your personal opinion of the company or the stock, a big demand for Demand stock can only be good for the domain industry.
We will be adding Demand to our stock index shortly