Online Video: Next Stop, Nasdaq?
DivX makes video-sharing technology. It's also making a profit. That combination is helping the San Diego company make something else: a splash on the stock market, where it began trading on Sept. 22. The company's shares were priced at $16 apiece, above the $12 to $14 expected range. DivX (DIVX) raised $145 million in its initial public offering (IPO), blowing past the $100 million expected by Wall Street. And three days after its debut, the stock closed at $18.11.
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