Comments (0) In Brief: Demand Media has filed an amended S1 to their IPO. I don’t have a lot of time to look at the differences, but I thought I’d mention it for those who are interested. Could make for some interesting weekend reading.
There has been a lot of coverage in domainer circles (and beyond) of Demand Media’s S1, most of which run along the theme “Demand Media is losing money, why would anybody invest”. Which is a good question. I remarked the same back when Godaddy’s S1 revealed that even though they were the largest registrar in the world, they too were operating at a loss.
A new batch of Oversee.net shares just listed on sharespost at 4.37/share, placing the company valuation at 760 million. This is down 32% from earlier share offers at $7.35/share which would have put the company at 1.16 billion. Kinda, sorta. No recent transactions have actually taken place, just offers. So we don’t truly know an imputed value of Oversee until we see a sale actually take place.
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