Divx Files for IPO

I’ve said before that the technology IPO rebound has already begun, and we had new evidence today with the S-1 filing from Divx. The media and compression company is planning a $135m-ish offering, and it is showing solid numbers to support the valuation. Revenues in 2005 almost quintupled from 2003 levels, hitting $33m, and the debt-less company was profitable last year.

It’s a good reminder that some technology companies have grown impressive businesses during the supposed tech bust.

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