Digital Hollywood - Wednesday, December 12, 2007
Special Effects' Digital Domain Files IPO
Venice-CA-based visual effects and animation pioneer Digital Domain has filed for a $100M IPO. It plans to trade on the Nasdaq under ticker symbol DTWO. The firm had raised a $31M in August 2006. Shareholders include Falcon Mezzanine Partners and GunnAllen Venture Partners.
For the nine months ended Sept. 30, the company reported a loss of $15M on revenue of $56.6M.
Digital Domain Co-chairman Michael Bay is a famed producer who recently directed "Transformers" and "Armageddon." Mark Miller, the company's president and CEO, is a former executive of Lucasfilm and Industrial Light and Magic.
Few companies could pull off such magic as this.
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