Demand Media Exploring IPO
Will there be demand for a Demand Media initial public offering? The freelance content aggregator apparently intends to find out, as paidContent reports that it filed with the Securities and Exchange Commission late Friday.
The filing lists a maximum offering price of up to $125 million in stock, according to paidContent, but it does not specify the percentage of the stake for sale, nor does it include date, price, and number of shares.
According to paidContent, the lead bankers on the IPO are Goldman Sachs and Morgan Stanley, with the rest of the underwriter group including UBS, Allen & Co.,
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in