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The previously reported initial public offering for content aggregator Demand Media will take place late next week, sources told AllThingsD.
According to the company’s filing with the Securities and Exchange Commission, shares will be priced at $14-$16 apiece, and Demand Media can sell up to 8.625 million, potentially putting the company’s worth at $1.3 billion and raising $138 million.
Goldman Sachs and Morgan Stanley are leading the IPO, and Demand Media will trade on the New York Stock Exchange using the symbol DMD, according to AllThingsD.
Vine has added sound and motion to the popular microblogging website, Twitter. Learn how to bring your information to life in our Vine webcast
on Wednesday, June 19 from 4-5 pm ET. In this one-hour webcast, Gemma Craven (left), EVP, New York group director at Social@Ogilvy will discuss best practices for using the visual social platform and share some of her team's successful vine videos. Register here.