DivX’s IPO Next Week; Plans 9.1 Million Share Offering

DivX, the maker of digital video compression-decompression software, is debuting its IPO next week, with an offering of 9.1 million shares expected to be priced in a range of $12 to $14, the company said in filings today.
It will offer 7.5 million shares while selling shareholders will offer 1.6 million. In its S-1, DivX said it swung to a profit last year of $2.3 million and recorded revenue of $33 million. For the first six months of 2006, DivX earned $5.9 million on revenue of $27.3 million. The bulk of its revenue comes from its licensing arrangements, even though it has made moves in developing a portal site, showcasing video.
Related: DivX Files For $135 Million IPO; Buys Community Platform Company

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