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Digital Music Group’s IPO To Debut Today; Price at $9.75

Digital Music Group, a seller of digital musical recordings to online stores, which filed for its IPO last year, is going to debut on Nasdaq today. The shares were priced at at $9.75 per share on Wednesday, within a forecast range of $9 to $11, according to an underwriter.

With 3.9 million shares on offer, the deal is worth $38 million. The company raised its price forecast from an earlier range of $8 to $10 on January 19.

Some more details here and the symbol on Nasdaq is DMGI.

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