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As Rightside (futures) Starts Trading Its Market Cap Is 260M Of Demand’s $465M

Posted on the 28 July 2014 by Worldwide @thedomains


Rightside, the spin off of Demand Media which begins formal trading on August 1, started to trade on Friday on a pre-issue basis on the symbol NAMEV.

Although shares are lightly traded the price is $14.30 which is up from an opening of $14 a share.

Interestingly the market cap of Rightside as its trading under NAMEV is $260 Million.

Demand Media, Inc. is trading today at $5.12 a share with a total market cap including Rightside of $465 Million.

Meaning that if the valuations hold, Rightside has about 60% of Demand Media, Inc market cap or value.

Under the spin off shareholders of Demand who were record shareholders as of last Friday will receive 1 share of stock in Rightside for every 5 shares it owns in Demand.

Rightside will include the domain name registrar, registry and backend provider business for registries including Donuts

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