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    Wednesday, August 30, 2006

    DivX Sets Terms Of IPO


    San Diego-based DivX set the terms of its IPO last night, saying in a regulatory filing that it is estimating the price of its IPO on 9.1M shares of its common stock at between $12.00 and $14.00 per share. The firm is looking to raise up to $146.5M on the Nasdaq as DIVX. DivX is a provider of compression and decompression (codec) software used to encode video, which the firm licenses to software providers, consumer electronics firms, and others, and is backed by Cardinal Venture Capital, Cyberlink International Technology Corp, Draper Atlantic, Insight Venture Partners, Samsung, Springboard-Harper, Wasatch Venture Fund, WI Harper Group and Zone Ventures. The IPO is being led by JP Morgan.
    posted on Wednesday, August 30, 2006

    Related companies:
    DivX

    Related stories:
    > DivX Adds Mac Support
    > DivX Gets Win With Sony Playstation
    > Divx Releases Authoring Tool
    > DivX Gets Win At LG Electronics
    > DivX, Broadcom Certify HDTV Chip

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