A big day for Rightside (and the domain name industry).
Today is a big day for domain name company Rightside as it begins to trade on the NASDAQ.
Shares are down slightly right now to $15.65.
Rightside has been spun off from Demand Media. Owners of Demand Media shares will get one Rightside share for every five Demand Media shares. (Demand is doing its own 5/1 reverse stock split, hence the Rightside allocation.)
Shares in Rightside will trade under the ticker NAME.
While Rightside was already a public company as part of Demand Media, it is now a pureplay domain name investment opportunity. The market cap should be around $300 million when it trades today.
Rightside owns businesses across the entire lifecyle of domain names. It owns eNom, Name.com, a registry, dozens of new TLDs, half of NameJet and a portfolio of over 300,000 domain names.