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TheDomains.com

As Rightside (futures) Starts Trading Its Market Cap Is 260M Of Demand’s $465M

July 28, 2014 by Michael Berkens

28Jul2014100554

 

 

 

 

 

 

 

 

Rightside, the spin off of Demand Media which begins formal trading on August 1, started to trade on Friday on a pre-issue basis on the symbol NAMEV.

Although shares are lightly traded the price is $14.30 which is up from an opening of $14 a share.

Interestingly the market cap of Rightside as its trading under NAMEV is $260 Million.

Demand Media, Inc. is trading today at $5.12 a share with a total market cap including Rightside of $465 Million.

Meaning that if the valuations hold, Rightside has about 60% of Demand Media, Inc market cap or value.

Under the spin off shareholders of Demand who were record shareholders as of last Friday will receive 1 share of stock in Rightside for every 5 shares it owns in Demand.

Rightside will include the domain name registrar, registry and backend provider business for registries including Donuts

 

Filed Under: Digital Media, Publicly Traded Domain Co, Rightside

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.

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Comments

  1. BrianWick says

    July 28, 2014 at 11:40 am

    So Paul Stahura found his way back

  2. contrib says

    July 28, 2014 at 1:22 pm

    Have not follow this but which company is the legal owner of there domain assets? Will the domain portfolio stay with Demand or with Rightside?

  3. Michael Berkens says

    July 28, 2014 at 3:53 pm

    Which domain assets do you speak?


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