Digital Domain Media Group, which creates computer-generated animation and digital visual effects for studios and advertisers, announced terms for its IPO on Friday. The Port St. Lucie, FL-based company plans to raise $61 million by offering 5.5 million shares at a price range of $10.00 to $12.00. At the mid-point of the proposed range, Digital Domain Media Group will command a market value of $483 million. Digital Domain Media Group, which was founded in 1993 and booked $122 million in sales for the 12 months ended June 30, 2011, plans to list on the NYSE under the symbol DDMG. The company also announced that Roth Capital and Morgan Joseph will be the lead underwriters on the deal, which is expected to price during the week of November 14.
