Digital River Will Offer 3M Shares in IPO
Digital River, Minneapolis, announced that the registration statement it filed with the Security and Exchange Commission in June has become effective and that it will offer 3 million shares of its common stock for $8.50 a share. Digital River provides e-commerce outsourcing solutions to software publishers and online retailers.Also, the company was chosen by audio products producer Digidesign, Palo Alto, CA, to build and manage its new online software store. The third-party store will be online within the next month. Digidesign will offer its Pro Tools software along with software from its development partners, such as Focusrite, QDesign and Synchro Arts. The online store will be linked to the Digidesign corporate Web site at www.digidesign.com.
