Rightside Begins Trading Today Under NAME Ticker
Last week, Rightside was trading in its “when issued” phase under the NAMEV stock ticker symbol. On Friday, the company officially split off into a separate company from Demand Media, and this morning, Rightside will trade on the Nasdaq market under the NAME stock ticker symbol.
This is a big day for the company and also for the domain industry. There are several other public companies that operate in the domain space, but I believe Rightside may be the only publicly traded company that currently operates exclusively within the domain space. The company operates eNom, Name.com, NameJet, and Rightside Registry, all within the domain industry. This will make their earnings reports and SEC filings all the more interesting to read.
One point of interest, as mentioned by George Kirikos, will be seeing the combined market cap of DMD and NAME now that these two companies are separate entities. I am sure there are plenty of stock market watchers who have opinions and will be tracking.
As a disclaimer, I may buy some NAME stock. Perhaps it could be a hedge of sorts for people to get some exposure to new gTLD domain names without buying individual domain names. I am not a financial consultant and leave my investing to a pro!
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