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.
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