TLDH on fire as new top level domain names get closer to reality.
Shares in Top Level Domain Holdings skyrocketed 25% today after the company announced ICANN had signed the contract for the .london top level domain name. TLDH is the backend registry for .london.
Shares in TLDH were up 3.62 pence to 17.88 pence on the London Stock Exchange. There were also two “price monitoring extensions”. This extension is “activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today.”
Of course, the .london contract signing should not come as a surprise to anyone who follows ICANN and the new TLD program. So the share jump seems to be more about new people becoming aware of .london and who might profit from it.
The 25% jump is impressive, but nothing compared to a five week look at the stock. Had you bought TLDH shares in early October, you’d have a 275% gain since then.