Demand Media Share Price Surges After IPO

NEW YORK — Shares of Demand Media Inc. are surging after the online content publisher priced its initial public offering at a higher-than-expected price of $17 per share.The shares gained $6.80, or 40 percent, to $23.80 in morning trad…

NEW YORK — Shares of Demand Media Inc. are surging after the online content publisher priced its initial public offering at a higher-than-expected price of $17 per share.

The shares gained $6.80, or 40 percent, to $23.80 in morning trading on the New York Stock Exchange under the ticker “DMD.”

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