Digital Domain Sets IPO Terms (DTWO)

By Douglas A. McIntyre Updated Apr 6, 6:18PM EDT · Published Apr 7, 12:09PM EDT

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Digital Domain submitted an amendment to its IPO filing this morning. The filing for the offering shows a maximum aggregate offering price of $96.6 million at a maximum offering share price of $14.00 per share for 6 million shares. An actual range has been set at $12.00 to $14.00 per share for this IPO. The company has applied to trade on the NASDAQ Global Market under the ticker “DTWO.” The underwriters are listed as Thomas Weisel Partners, Oppenheimer and Co., William Blair and Company, Merriman Curhan Ford and Company, and GunnAllen Financial, Inc.

California-based Digital Domain is a leading award-winning visual effects and animation company for movies, television advertising, video games, and interactive visual media. Their technology has been used in films such as Titanic, Apollo 13, The Day After Tomorrow, and The Fifth Element and video games like Halo 3. They generated pro-forma year revenues of $66 and $79 million in 2006 and 2007, respectively.

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Given the slowdown in consumer spending, companies could be looking to Digital Domain for their advertising. We’ll look to see how hot this IPO comes out.

Rachel Lopez
April 7, 2008

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.