IPO News Archive
Digital Domain prices downsized IPO at $8.50, below the range
Digital Domain Media Group, which creates digital visual effects for studios and advertisers, raised $42 million by offering 5 million shares at $8.50, below the range of $10 to $12. The company had originally planned to offer 5.5 million shares. At the $8.50 offer price, Digital Domain commands a market value of $362 million. Digital Domain Media Group plans to list on the NYSE under the symbol DDMG
. Roth Capital acted as lead managers on the deal.