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TrueCar Prices IPO

socalTECH

The pricing was below the company''s earlier, estimated IPO range of $12.00 The company raised around $71.1M TrueCar is venture backed by backed by USAA, Capricorn Investment Group, Upfront Ventures, Anthem Ventures, Vulcan Capital Growth Equity, Peppy Capital Partners, Arcturus Venture Capital, along with others.

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Zag Spins Out TrueCar

socalTECH

Santa Monica-based Zag, the online car buying software firm headed by former CarsDirect CEO Scott Painter, has spun out a new company called TrueCar, the firm said late Wednesday. All of the venture funders in TrueCar are investors in Zag, and amount of the investment was not disclosed.

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Bio Roundup: Biotech IPOs, Migraine Progress, Takeda Woos Shire & More

Xconomy

The number of companies filing to go public in the U.S. Life science companies accounted for nearly one third of the quarter’s IPOs. The strength of the IPO market is notable because the first quarter is typically the slowest time of the year for companies to go public, EY told Xconomy.