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Digital Music Group Increases IPO Pric

Digital Music Group is milking it for all its worth: the seller of digital musical recordings to online stores has increased the estimated price range for its pending IPO to $9 to $11 per share from $8 to $10. According to the new SEC filing, the company still plans to offer 3.7 million common shares.

For the nine months ended Sept. 30, 2005, DMG posted a net loss of $1.2 million on total revenue of $225,535. The company plans to list its shares on Nasdaq, under the symbol DMGI.

Related:

Digital Music Group Prices Its IPO; To Raise About $33 Million

Digital Music Firm Files For IPO