Dice Raises $217 Million Via IPO; Share Price Climbs

Dice is on a roll, raising $217.1 million via an initial public offering of 16.7 million shares of common stock.

On Tuesday, Dice announced the pricing of the stock at $13 per share. By Wednesday, shares climbed as much as 15.2% to $14.98 during morning trading and were up 3.4% by mid-day.

The Urbandale, Iowa-based niche job-board company operates Dice.com, Cleararancejobs.com, eFinancialCareers.com, and JobsintheMoney.com.

Shares being offered include 6,700,000 by the company and 10,000,000 by selling stockholders. The company says it will not receive any proceeds from the offering of the common stock by the selling stockholders. It says it plans to use proceeds to pay off close to $32 million in debt and for general corporate needs.

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This is not the company’s first IPO attempt.

The stock will trade on the New York Stock Exchange under the symbol DHX.

Elaine Rigoli has nearly 15 years of experience managing content and community for various B2B and consumer websites. Elaine has written thousands of business and technology articles and has been quoted in The Wall Street Journal and eWeek, among other publications.


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