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Southern California needs to find its hub for it to develop its own tech ecosystem

TechCrunch LA

Recognizing the tens of billions of dollars that the Southern Californian region leaves on the table, because it hasn’t taken its rightful place in the American technology industry, a new group called the Alliance for Southern California Innovation has just released a report to analyze how SoCal can work to assume its pole position.

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Insights and Opinions: Returns From Southern California IPOs

socalTECH

For today's Insights and Opinions section, we have the third and final article on Southern California IPOs and returns from Jon Funk. Funk is a venture capitalist who founded OceanRoad Partners and has been a Managing Director with Allegis Capital, where he invested in Sandpiper Networks, Rent.com and Shopzilla. READ MORE>>.

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Obalon Sets IPO Pricing Range

socalTECH

Carlsbad-based Obalon Therapeutics , which is developing a balloon-based medical device for assisting in weight loss, has set the estimated initial IPO pricing range for its public offering, saying it now expects an initial public offering at between $14.00 if it prices at the high end of its estimated range. and $16.00

Pricing 100
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BlackLine Software Prices IPO

socalTECH

Woodland Hills-based BlackLine Software , the developer of accounting and financial close software, has priced its IPO, saying late Thursday evening that it will sell 8,600,000 shares of its common stock at $17.00 BlackLine priced at the high range of an already increased estimated IPO range, which was set to $16.00 earlier this week.

Pricing 100
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Snap Prices IPO, Debuts On NYSE Tomorrow

socalTECH

Venice, California-based Snap, Inc. has officially priced its IPO, saying on Wednesday afternoon that it will sell 200M shares of its common stock at $17.00 The IPO is Southern California's largest, technology IPO in history, and makes founder Evan Spiegel and Bobby Murphy each instantly worth $3.58 The IPO will raise $3.4

Pricing 100
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SoCal Angel Investors See IPO Pop At CytomX

socalTECH

A number of Southern California angel investors are undoubtedly breaking out the champagne this morning, after the successful IPO of CytomX Therapeutics , a developer of cancer therapeutics which was spun out of UC Santa Barbara. Cytomx priced its IPO at $12.00 in morning trading. READ MORE>>.

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SoCal Investor Benefits From Fabrinet IPO

socalTECH

A little known Southern California venture capital investor is benefiting from the IPO of Silicon Valley-based Fabrinet today, after Fabrinet said it has priced its IPO and will list on the New York Stock Exchange. Fabrinet said Friday that it has priced its IPO at $10.00, down from an estimated pricing range of $12.00