Sunday, September 24, 2006

DivX goes public

According to Paidcontent. org, DivX raised over $100 million by going public. They went out at between $12-16 per share (9.1 shares were offered for sale), and the price reached a high of $20 before settling to $18.70.

Not bad for a codec maker, which is now producing online services to help users to share their files.

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