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DivX share price rises 17% after IPO

25 September 2006 1:31 by Petteri "dRD" Pyyny | 9 comments

Last Friday, DivX, Inc. finally got listed on NASDAQ technology market, marking the first significant digital multimedia IPO in ages.

Company's share price did quite well during company's first day as a publicly listed company as its shares jumped 17 percent from the opening price of $16 to settle at $18.70 by the time of market closing on Friday. Share price peaked at $19.50 during the day's trading.

The $18.70 price gives San Diego -based company a market value of $625 million. Company has more than 200 employees and its annual revenue for the financial year 2005 was $29.3 million.

DivX became a household name in 2000 when it was dubbed as the "MP3 of the video", as it quickly became the most common video format in P2P networks and was associated to rapidly growing piracy of Hollywood movies. Nowadays DivX licenses its video encoding and DRM technology to several movie studios, device manufacturers and online video stores.

More information:

SignOnSanDiego.com
News.com
Reuters

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joe777 (Member) 25 September 2006 3:13
I got a question!! Did DivX not start out as a hacked version of a microsoft codec, and the guy who was behind it did he not split from DivX as he didnt agree with where the other people wanted to take it to. And as a result he started the XviD codec and kept it all free. This is a wierd situation, on one hand you could have made a fortune but on the other hand, if you already have a few bob then it would be nice to have your head held high. Wonder what he thinks???? Koepi. [ + quote]
dRD (I hate titles) 25 September 2006 4:13
joe777: No, gej is still working for DivX, Inc. XviD is the spin-off that started (AFAIK) when DivX, Inc. ceased their open source initiative called OpenDivX and focused on proprietary version of the codec. Some info: http://www.divx.com/company/about/bio.php?bio=gej http://www.afterdawn.com/glossary/terms/divx.cfm http://www.afterdawn.com/glossary/terms/xvid.cfm http://en.wikipedia.org/wiki/XviD#History [ + quote] This message has been edited since posting. Last time this message was edited on 25 September 2006 4:14
AlanTiger (Junior Member) 25 September 2006 7:15
DivX and Project Mayo were the reasons I found AfterDawn a few years ago :) [ + quote]
gogochar (Senior Member) 25 September 2006 13:52
Screw DivX. Go for FFDShow instead. [ + quote]
georgeluv (Member) 25 September 2006 20:41
pretty impressive for a codec that pixilates when thrying to show "fog". [ + quote]
joe777 (Member) 26 September 2006 1:16
dRD. I stand corrected, or should I say my question was answered. Nice 1 maybe I could have done a little research before the post eh!! LOL Theres always next time. [ + quote]
borhan9 (AfterDawn Addict) 26 September 2006 3:39
Its good to see that DivX is doing so well on the market. I like the compression rate you have with this codec. although i use many different programs also, for different video types. [ + quote]
Ghostdog (Senior Member) 27 September 2006 1:59
Quote: DivX and Project Mayo were the reasons I found AfterDawn a few years ago :) Same here : ) Wow, that�s awhile ago now. [ + quote]
joschez (Member) 27 September 2006 13:34
Quote: Screw DivX. Go for FFDShow instead. LOL does he know what DivX is??? :D [ + quote]