IPOs and Investments: DivX, Smith Micro, On2, InterVideo
Posted by Sachin Garg on 30th August 2006 | Permanent Link
There is a flood of investment related news I have seen in last few days.
DivX is going for an IPO:
San Diego-based DivX, a video compression-decompression software company, filed with the Securities and Exchange Commission on Aug. 29 with further details of its planned initial public offering. The company initially filed for registration in May.
According to its filing, DivX will offer 7.5 million shares of common stock at a proposed price of between $12 and $14 per share. Selling stockholders will offer 1.6 million shares of common stock for a total of 9.1 million shares available through the offering.
Smith Micro’s (makers of StuffIt) CEO to Discuss Market Positioning and Growth Strategies at the Roth Capital Partners 2006 New York Investor Conference
Smith Micro Software Inc. a company that markets and develops a wide range of software products and services for the wireless market, today announced that William W. Smith, Jr., President and CEO, will present at the Roth Capital Partners 2006 New York Investor Conference on Wednesday, September 6, 2006 at 4:30 p.m. Eastern time. The conference is being held September 6th & 7th at the Westin Times Square Hotel, New York and will be attended by securities analysts, fund managers and institutional investors.
On2 raises $1.75M from Midsummer Investment:
As part of the deal, the video compression company said that it had reached an agreement to sell 3.1 million shares of common stock at 57 cents a share to Midsummer Investment Ltd. On2 has also issued warrants to Midsummer with a five-year term convertible into an aggregate of 2.3 million of common stock at an exercise price 77 cents per share.
And, Corel Acquires InterVideo in $196 Million Cash Deal:
Corel said it will buy InterVideo for $196 million in cash. The acquisition is aimed at helping Corel to broaden its portfolio of digital media software; the firm is also hoping that InterVideo will provide it with added critical mass to serve a growing consumer demand for digital media software.
These sure are good times for companies in data compression :-)