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NewEgg Loses CEO

socalTECH

City of Industry-based Newegg , the online retailer of electronics, computer, and other items, said Monday afternoon that CEO and Director Tally Liu has departed the firm. The firm said that Foudner and Chairman Fred Chang resumes his role as CEO of Newegg, with S.C. No reason for the executive change was given. READ MORE>>.

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NewEgg Pulls IPO

socalTECH

City of Industry-based online electronics retailer NewEgg has pulled its IPO, the firm said in a filing with the SEC late Friday. NewEgg had filed for an IPO in September of 2009. In the filing, the firm said that it "determined not to proceed with the initial public offering" but did not give any explanation.

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NewEgg Files For IPO

socalTECH

City of Industry-based e-commerce retailer NewEgg has filed for an IPO this morning, saying that it is looking to raise up to $175M. Morgan, BofA Merrill Lynch, Citi, William Blair & Company, Cowen and Company, ThinkEquityLLC, Needham & Company, and Raymond James. The IPO is being underwritten by J.P. READ MORE>>.

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Southern California IPO List Gets A Little Longer

socalTECH

The list of Southern California companies who have filed, have been rumored to file, or have successfully completed IPOs has gotten a little longer this morning, after Santa Monica-based Cornerstone OnDemand filed for an IPO. Tags: southern california initial public offering exit merger acquisition.

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Southern California Firms Queue Up For The Public Market

socalTECH

The long list of Southern California high tech companies lined up for the public markets just got a little longer this morning, with the addition of Inphi Corp. So far, two companies-- Woodland Hills-based ReachLocal , which completed its IPO in May, and Carlsbad-based Maxlinear , which hit the markets in March, have had successful IPOs.

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SoCal Racks Up Another Successful IPO

socalTECH

In recent months, Woodland Hills-based ReachLocal and Carlsbad-based MaxLinear also have managed to reach the markets via an IPO, and there are at least seven other Southern California companies waiting in the wings for the public markets. Tags: southern california merger acquisition gdot reald.

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SoCal Firms Still Lined Up For IPOs

socalTECH

10 of the 44 venture-backed companies currently filed to go public are from Southern California, according to an analysis today from the Wall Street Journal. venture-backed companies currently filed for an IPO, with 10 from Southern California and 13 from Silicon Valley. According to the report, there are 44 U.S.,