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Pandora IPO Benefits Socal Investors

socalTECH

Champagne glasses must be clinking for a few, lucky Southern California investors and executives this morning, as the IPO of Oakland-based Pandora Media had a rousing welcome on Wall Street. Pandora was trading as high as $26.00 Wednesday during morning trading, after pricing at $16.00 estimated pricing range from last week.

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Sorenson Media's Csathy Departs To New Digital Media Effort From Manatt

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Peter Csathy , the CEO of San Diego''s Sorenson Media , and digital media veteran, has departed the company, and will head up a new legal and investment group formed by Manatt, Phelps & Phillips. The new digital media venture from Manatt was created by Los Angeles partner T. READ MORE>>.

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SoCal Investors To Benefit, As Pandora Bumps IPO Estimates

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Pandora Media , the online personalized radio station service based out of Oakland, has bumped its estimated IPO pricing range this morning, and upped the number of shares it is planning to offer in its IPO. The firm said it will now offer 14,684,000 shares, estimated to price at between $10.00 and $12.00 per share estimated price.

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Xirrus Ranks Two In WSJ Top Startups List

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In a proof that it's not all social media and e-commerce here in Southern California, number two ranking startup in The Wall Street Journal's ranking of the "Top 50 Startups" is none other than wireless hardware provider Xirrus , based in Thousand Oaks. That list included Laguna Hills-based Glaukos at number 7; Donuts Inc. ,

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USC Viterbi Launches Startup Accelerator

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Add another startup accelerator to the growing list of Southern California startup accelerators: this time, from the University of Southern California's Viterbi School of Engineering. Southern California--and Los Angeles, in particular--appears to become the hub of startup accelerators lately.

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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

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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. READ MORE>>.

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Silicon Beach Fest Expands Event Lineup, Sets Keynotes

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Silicon Beach--the self-appointed name that has been used to describe many parts of Southern California''s tech community, but which has seemed to have centered itself over Santa Monica and surrounding towns--has no shortage of events and conferences.