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Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. Internet Brands had gone public just three years ago.
which has most of its employees in Westlake Village; Los Angeles-based Gamefly ; City of Industry-based NewEgg ; San Diego-based Fallbrook Technologies ; and Thousand Oaks-basd Nexsan. Tags: southern california initial public offering exit merger acquisition.
City of Industry-based online electronics retailer NewEgg has pulled its IPO, the firm said in a filing with the SEC late Friday. In the filing, the firm said that it "determined not to proceed with the initial public offering" but did not give any explanation. NewEgg had filed for an IPO in September of 2009. READ MORE>>.
With the IPO of Los Angeles-based RealD , which starts trading this morning on the NYSE as RLD, Southern California now has three successful IPOs on record. Tags: financing public market acquisition merger reald. RealD said last night that it had priced its IPO at $16.00, and is selling 12.5M shares of its common stock.
In fact, a recent study released by Ernst & Young found that there were eight companies in Southern California, out of 22 total in California, who were lined up for an IPO in Q4.
Those firms include Pasadena-based Genmark Diagnostics , Westlake Village-based Inphi , San Diego-based Fallbrook Technologies , Los Angeles-based GameFly , San Diego-based Trius Therapeutics , City of Industry-based NewEgg , and Thousand Oaks-based Nexsan. Tags: southern california merger acquisition gdot reald.
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