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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.
Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. Internet Brands had gone public just three years ago.
Other firms currently in registration include Santa Monica-based Demand Media ; San Diego-based Zogenix ; Inphi Corp. which has most of its employees in Westlake Village; Los Angeles-based Gamefly ; City of Industry-based NewEgg ; San Diego-based Fallbrook Technologies ; and ThousandOaks-basd Nexsan.
The firm's stock was up in its debut despite a down market for the day, with the NASDAQ down -4.11 Santa Monica-based Demand Media , the Internet content publishing run by Richard Rosenblatt, also is widely expected to be in the process of filing for an IPO. percent to 2,204.01. READ MORE>>.
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.
Los Angeles-based RepairSmith , which operates a mobile car repair and maintenance service, says it is expanding its service area, and has added a number of cities, including ThousandOaks and Fresno, California, as well as Tucson, Arizona. The company said that it is actively hiring technicians in all of its markets for its service.
I grew up in ThousandOaks, went to USC, and we met each other way back in the 90's. There's a massive market, and there is no end to the opportunities here to create efficiency and transform things for the better. Brett Crosby: Having demand on both sides of the marketplace is extremely important, and that's sort of obvious.
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