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Report: IPO Activity In Significant Slowdown

socalTECH

A new report, issued Monday, says that IPO activity has slowed significantly in Q1, with a 39 percent drop in volume and 70 percent decline in total capital raised versus Q1 of last year. The report, from Ernst & Young, said that companies are likely exploring other options or waiting for confidence to return for their IPOs.

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Active Network Launches Ski Resort App

socalTECH

San Diego-based Active Network reported this morning that its RTP unit, the provider of ski resort and park information software, has launched a new mobile app platform called LiveInfo. Pricing on the new tool was not announced by RTP and Active Network. Active Network acquired RTP on November 10th.

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Rubicon Reports Record First Quarter

socalTECH

The report is the very first report as a public company by Rubicon. Rubicon said the increases came primarily due to increases in pricing due to increased bidding activity. Rubicon said the increases came primarily due to increases in pricing due to increased bidding activity. READ MORE>>.

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Report: Bird Facing Major Issues With Keeping Scooters Alive

socalTECH

An study shows that Bird had nearly 7,000 scooters active in Los Angeles County in January, but only 1,500 of them survived until April. Bird's CEO, Travis VanderZanden, has said a scooter has to stay on the road for around six months for it to break even on the purchase price. READ MORE>>.

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Report: Snapchat Discussing IPO With Bankers, Eyes IPO Next Year

socalTECH

Venice, California-based Snapchat has begun discussing an IPO with bankers, but has yet to select an investment bank to lead the effort, according to a report on Wednesday. Snapchat reportedly is looking at an IPO towards the end of this year or in early 2017. READ MORE>>.

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VC Exits Down In 2011, Says Report

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billion, a 14 percent drop in deal activity versus 2010, although it was a 26 percent increase in capital raised compared to last year. The report found that companies raised a median of $17M in venture financing before M&A or buyout, and took a median of 5.3 The median price for a company increased to $71M during 2011.

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Fullscreen Aims At LinkedIn

socalTECH

Fullscreen said that its service will include including strategy, content development, optimization, and reporting for brands to help them expand their presence on LinkedIn. Pricing on the new service was not announced. percent increase in users, to 303 million active monthly users. READ MORE>>.