Digital Domain enters IPO ring

December 13, 2007 The market for initial public offerings is getting interesting, with a special effects company filing for an IPO, while a social networking firm has canceled one. The effects company, Digital Domain, wants to raise about $100 million to pay off debt and maybe produce films, apparently in an attempt to compete with the DreamWorks Animation and Disney's Pixar Animation, though an executive declined comment Wednesday. According to a regulatory filing this week, Digital Domain intends to use its IPO proceeds for "expanding our technology development and licensing program and attempting to enter into the production of animated and visual effects-driven feature films and the development and production of video games."

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