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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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TrueCar Jumps In IPO As Socal Tech Exits Continue

socalTECH

Santa Monica-based TrueCar , the online new car pricing and buying site, jumped in its IPO Friday morning, trading up 16 percent in early trading this morning. The company--the second technology company to have an IPO this year from Southern California--was trading around $10.47 per share late last night. READ MORE>>.

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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. Jon discusses the returns from Southern California IT IPOs between 1995 and 2009. Markets displayed a healthy rationality, pricing these IPO's at an average of $366 million.

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GoPro Prices IPO, To Trade Today

socalTECH

Action sports camera maker GoPro priced its IPO at $24.00 The company priced its IPO at the high end of its estimated initial IPO range, which was between $21.00 gopro camera action sports merger acquisition exit electronics hardware consumer' per share, and will start trading today on the NASDAQ Global Market as GPRO.

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AnaptysBio Sets Estimated IPO Pricing Range

socalTECH

San Diego-based AnaptysBio , which develops antibodies for treating inflammation, has set its estimated IPO pricing range, saying on Tuesday that it expects to price its IPO at between $14.00 and $16.00 The company is selling 4,000,000 shares of its common stock on the NASDAQ Global Select Market as ANAB. as early as Thursday.

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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

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IPO Filings Keep Coming In Southern California

socalTECH

The filing of an IPO by Los Angeles-based Boingo Wireless on Friday seems to indicate the interest in public markets by venture-backed, Southern California firms has not abated.