DivX, Inc., the developer of a popular video codec, announced on Friday its initial public offering of 9,100,000 shares of common stock at $16.00 per share. This public offering can generate $145.6 million for DivX. Today, DivX stock finished its trading at $18.50 per share.

Currently, DivX offers Mac users its codec, whose latest version is 6.25, for $19.99. This version is in Universal Binary. And DivX Converter, which allows users to access DivX codec without QuickTime, is also in Universal Binary. The current version is 1.1.1.