Digital Domain submitted an amendment to its IPO filing this morning. The filing for the offering shows a maximum aggregate offering price of $96.6 million at a maximum offering share price of $14.00 per share for 6 million shares. An actual range has been set at $12.00 to $14.00 per share for this IPO. The company has applied to trade on the NASDAQ Global Market under the ticker “DTWO.” The underwriters are listed as Thomas Weisel Partners, Oppenheimer and Co., William Blair and Company, Merriman Curhan Ford and Company, and GunnAllen Financial, Inc.
California-based Digital Domain is a leading award-winning visual effects and animation company for movies, television advertising, video games, and interactive visual media. Their technology has been used in films such as Titanic, Apollo 13, The Day After Tomorrow, and The Fifth Element and video games like Halo 3. They generated pro-forma year revenues of $66 and $79 million in 2006 and 2007, respectively.
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Given the slowdown in consumer spending, companies could be looking to Digital Domain for their advertising. We’ll look to see how hot this IPO comes out.
April 7, 2008