Wednesday, November 7, 2007

NameMedia files to issue IPO on the NASDAQ

NameMedia, a growing player in the domain name resale and parking space, has filed the necessary forms with the SEC to issue an Initial Public Offering (IPO) on the NASDAQ stock exchange.

A press release which appeared this week on their website indicates that the trading symbol the company is seeking is ' NAME '.

In the past year, NameMedia has made significant investments directly in top-level domain names and has also been acquiring other companies. NameMedia currently owns owns, and other domain registrars and associated firms.

The domain name aftermarket has seen some of the highest prices ever on domain resales throughout 2007, mostly at regional auctions. The market has also seen it's share of problems, including Trademark lawsuits. Numerous tradeshows, conventions, auctions and events have been held by 'domainers' this past year.

Competitors include LLC which claims over $3 million in sales per month.

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