Demand Media, which is leading global provider of online content and domain name registration services, announced terms for its IPO on Wednesday. The Santa Monica, CA-based company plans to raise $113 million by offering 7.5 million shares at a price range of $14-$16. At the mid-point of the proposed range, Demand Media will command a market value of $1.3 billion. Demand Media, which was founded in 2006 and booked $235 million in sales for the 12 months ended September 30, 2010, plans to list on the NYSE under the symbol DMD. Goldman, Sachs & Co. and Morgan Stanley are the lead underwriters on the deal, which is expected to price during the week of January 24.
