CyberMedia Stock Debuts At 76% Premium

Exchange4Media: CyberMedia (India) Ltd., the leading publisher of technology-related magazines and an IT portal in India, debuted on the Bombay Stock Exchange on Friday at Rs 106 ($2.35) against its offer price of Rs 60 ($1.3). The CyberMedia stock on NSE touched a high of Rs. 109.30 ($2.4) on Friday. Nearly 15 million shares were traded on Friday.
CyberMedia, based in Gurgaon, publishes a set of magazines including Dataquest and runs an IT portal, CIOL. In a recent development CyberMedia forged a partnership with US-based Dice Careers and its subsidiary, MeasureUp, which is in to online assessment of technology skills. CyberMedia also owns IT research firm IDC India, a franchisee of International Data Corporation.
The company plans to launch a new magazine, Global Outsourcing and take its biotechnology magazine, BioSpectrum to Singapore, both later this year. The company also plans to offer content services to foreign publishers.

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