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September 22, 2006

DivX Inc IPO Going Crazy

posted by MR WAVETHEORY at 9/22/2006 07:22:00 AM
The message seems to be this: Online video is hot. There is now a bid at $25. It's now $25-27. Given the dearth of tech IPOs recently, DivX Inc might also be attracting some daytraders.

To put things into perspective, at $25, DivX would be up 56.25% higher than its IPO price of $16. The company would be worth $835 million! YouTube, eat your heart out!
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