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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. READ MORE>>.

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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.,

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Study: $48 Billion In Value Created Over 15 Years In SoCal IT VC-Backed Firms

SoCal Delicious

A new study of the financial outcomes for Southern California venture-backed companies in the IT sector finds that approximately $48 billion in value has been created by those companies over the period 1995-2009. Tags: results investment exit california southern acquisition merger capital venture. IPO in 1996).