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Southern California Linked IPOs Grow

socalTECH

The number of Southern California related initial public offerings is growing steadily upwards, as Gevo --originally started in Pasadena, and based on technology out of Caltech and UCLA--hit the market this morning. Gevo is just the latest in a surge of companies hitting the public markets which have Southern California links.

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Eleven of Southern California's Firms In The Alternative Vehicle Market

socalTECH

On the heels of the much heralded IPO of Silicon Valley electric car darling Tesla Motors today on the NASDAQ, investors are now looking to what other firms might benefit from the electric vehicle market--and what appears to be a growing appetite for IPOs.

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Green Dot Up 22.2 Percent In IPO

socalTECH

Monrovia-based Green Dot , the provider of prepaid credit cards which hit the market today, closed up 22.2 The firm had debuted on the market Thursday morning at $36.00 percent in its IPO, at $43.99. per share, above initial estimates of $32.00 The firm is now listed at GDOT on the NYSE.

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Telscape Communications In Recap

socalTECH

Monrovia-based Telscape , a competitive local exchange carrier (CLEC) and wireless service provider serving the Hispanic market, has been recapitalized, according to investment bank Gemini Partners. Financial details of the recap were not disclosed by the firms.

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