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    Friday, May 5, 2006

    DivX Files For IPO
    San Diego-based DivX Networks has filed for an IPO, saying that it is looking to raise up to $135M in a public offering on the Nasdaq. DivX Networks reported in a filing with the SEC that it earned $2.2M on $33.0M in revenue for the year ending 2005. DivX licenses its own video compression/decompression codec used to decode video, which is licensed to manufacturers of consumer electronics and used on the Internet. The offering is being underwritten by JP Morgan, Banc of America Securities, Cowen & Company, Canaccord Adams, and Montgomery & Co. DivX is backed by Zone Ventures, WI Harper, and Insight Venture Partners.
    posted on Friday, May 5, 2006 (Link to more information)

    Related companies:
    DivX

    Related stories:
    > Divx Releases Authoring Tool
    > DivX Adds Mac Support
    > DivXNetworks Upgrades Mac Product Line
    > DivX Adds Spanish Support
    > DivX Gets Win At LG Electronics

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