Google Who? Demand Media IPO Priced At $17 Per Share, More Than Expected

Richard Rosenblatt, Demand Media CEO

So much for all the concerns about Google nuking content farms: Demand Media’s IPO has been priced at $17 per share, more than the $14 to $16 per share it had estimated earlier this month. And Demand has sold 19% more shares than expected, the LA Times notes.

The IPO values the company around $1.5 billion. And selling almost 9 million shares at $17 each means the offering raised $151 million, split between shareholders and the company.

More at the LA Times >

Read: KAPOW: Google Blows A Hole In Demand Media A Week Before Its IPO

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.