Demand Media Ups The Price Of Its IPO

Demand Media, which will start trading on the New York Stock Exchange tomorrow, has priced its shares at $17, according to an SEC filing. That’s above the $14 to $16 a share range that the company had said it expected to sell its shares at and means demand for the company’s stock is strong. At $17 a share, Demand Media will debut with a market value of $1.452 billion. We’ll be following how the company’s stock performs.