DivX company holds IPO this week
The topic of online video is hotter than ever. Therefore, the moment that the American company DivX has chosen for the initial issue of shares can be called very successful.
A small San Diego company called DivX (formerly DivXNetworks) is known worldwide as the developer of one of the most popularMPEG-4 codecs. It receives the bulk of revenue from licensing fees from equipment manufacturers. Now the company is preparing for an IPO . The company should be listed on the Nasdaq on Friday, September 22, under the ticker “DIVX”.
Due to the initial public offering, it is planned to raise up to $ 104 million. About 27% of DivX shares (9.1 million units) will be thrown at the stock exchange at prices ranging from $ 12 to $ 14. If everything goes according to plan, the total capitalization of the corporation will be about $ 468 million. For comparison, the developer of an alternative online video format, RealNetworks , has a capitalization of around $ 1.6 billion.
A small San Diego company called DivX (formerly DivXNetworks) is known worldwide as the developer of one of the most popular
Due to the initial public offering, it is planned to raise up to $ 104 million. About 27% of DivX shares (9.1 million units) will be thrown at the stock exchange at prices ranging from $ 12 to $ 14. If everything goes according to plan, the total capitalization of the corporation will be about $ 468 million. For comparison, the developer of an alternative online video format, RealNetworks , has a capitalization of around $ 1.6 billion.
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Source: https://habr.com/ru/post/1804/
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