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DivX IPO rakes in nearly $150 million - Media software maker's prices above forecast range.
NEW YORK (Reuters) — Media software maker DivX Inc. on Thursday raised $145.6 million with an initial public offering that priced above its forecast range, according to an underwriter.
The 9.1 million share offering, which represents about a 27 percent stake in the company, sold for $16 per share compared with a $12 to $14 forecast.
Underwriters, led by JP Morgan (Charts), have the option to buy an additional 1.4 million shares to cover over-allotments.
The San Diego, California-based company has applied for a Nasdaq listing under the symbol DIVX.
