Shares of Demand Media closed its first day of trading at $22.65. As you know by now, the company's stock went public at $17 a share, its first trade was at $23.50 and traded as high as $25. So the question now becomes at what price would will the stock of Demand Media be trading at the same time next year? Today is January 25th so lets call for the closing price as of Friday Janauary … [Read more...]
Archives for January 2011
UDRP panel Awards KENA.com & The Domain Name Owner Is Loses His $5K Purchase: “It Cannot Be Accounted For By Genericness”
In domain holder that paid over $5,000 for a LLLL.com today just lost it in a UDRP The case involved the domain name kena.com There have been some nice sales of LLLL.com just at Afternic recently recently making this a pretty valuable domain the right hands. Here is what the one member panel had to say: "Complainant has registered several KENA-formative trademarks on the register of … [Read more...]
Envelopes.com Sold For $400,000 (In 2010)
According to the Domainnamestrategy.com blog, which cited an article in "Inc. Magazine", the category killer domain name Envelopes.com was purchased in January 2010 for $400,000. The Inc. article tells the story of Seth Newman president of company called Action Envelope who passed up a chance to buy the domain name for just $10,000 in 1997. The story goes on to talk about how Mr.Newman … [Read more...]
Adult.co.uk Hits The Sales Block
According to Metro.co.uk the domain name Adult.co.uk is up for sale. Although no asking price was given. Originally purchased back in 1996 for an undisclosed sum, a spokesperson for Adult.co.uk has stated on the upcoming sale: “Sex.com was such a huge success when it went on sale last year and this has shown just how powerful a premium domain name can be for a business and how high the … [Read more...]
Demand Media Shares Jump Up A High As 47% As It Begins Trading
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 … [Read more...]
SuperBowl To Generate $10 Billion In Spending But Domain Names Are Not Included
According to a new survey out from the Retail Advertising and Marketing Association, total consumer Super Bowl spending is expected to reach $10.1 billion, the highest in the survey's eight-year history. Of the 83% saying they will purchase Super Bowl-related items, including food, beverages, TVs, furniture, team apparel and decorations, the average person will spend $71.51, up from $64 a … [Read more...]
Update: It’s Official: Demand Goes Public At $17 a Share Becoming The Largest Internet IPO Since Google
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 … [Read more...]